Equities research analysts forecast that Student Transportation Inc (NASDAQ:STB) (TSE:STB) will announce sales of $186.40 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Student Transportation’s earnings. The highest sales estimate is $188.69 million and the lowest is $182.50 million. Student Transportation reported sales of $177.18 million in the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The business is scheduled to report its next quarterly earnings report on Monday, February 12th.
On average, analysts expect that Student Transportation will report full year sales of $186.40 million for the current fiscal year, with estimates ranging from $669.00 million to $675.30 million. For the next financial year, analysts anticipate that the company will report sales of $708.55 million per share, with estimates ranging from $705.50 million to $710.16 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Student Transportation.
Student Transportation (NASDAQ:STB) (TSE:STB) last posted its earnings results on Thursday, November 9th. The transportation company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.04. Student Transportation had a net margin of 1.59% and a return on equity of 8.30%. The firm had revenue of $107.43 million during the quarter, compared to the consensus estimate of $106.57 million. During the same quarter last year, the firm earned ($0.13) EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis.
Several analysts recently weighed in on the stock. BidaskClub downgraded shares of Student Transportation from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Zacks Investment Research downgraded shares of Student Transportation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $7.12.
Shares of Student Transportation (STB) opened at $5.91 on Wednesday. Student Transportation has a 1-year low of $5.39 and a 1-year high of $6.28. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.91 and a quick ratio of 1.83. The firm has a market cap of $568.34, a P/E ratio of 49.25 and a beta of 0.73.
The business also recently announced a monthly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a $0.0367 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.44 annualized dividend and a yield of 7.45%. Student Transportation’s dividend payout ratio (DPR) is presently 366.67%.
Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in Student Transportation by 15.7% in the 2nd quarter. Royal Bank of Canada now owns 271,399 shares of the transportation company’s stock valued at $1,647,000 after purchasing an additional 36,803 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Student Transportation in the second quarter worth $1,311,000. Scotia Capital Inc. grew its stake in shares of Student Transportation by 19.9% in the second quarter. Scotia Capital Inc. now owns 747,096 shares of the transportation company’s stock worth $4,523,000 after acquiring an additional 124,087 shares in the last quarter. EJF Capital LLC grew its stake in shares of Student Transportation by 50.0% in the third quarter. EJF Capital LLC now owns 75,000 shares of the transportation company’s stock worth $448,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC grew its stake in shares of Student Transportation by 3.4% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,491,540 shares of the transportation company’s stock worth $8,919,000 after acquiring an additional 49,265 shares in the last quarter. Hedge funds and other institutional investors own 25.79% of the company’s stock.
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About Student Transportation
Student Transportation Inc is a Canada-based company engaged in providing school bus transportation services in North America. The Company provides school bus and management services to public and private schools in North America and offers services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.
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