Student Transportation Inc. (TSE:STB) (NASDAQ:STB) – Equities researchers at National Bank Financial lifted their FY2018 earnings estimates for Student Transportation in a research report issued to clients and investors on Sunday. National Bank Financial analyst G. Colman now forecasts that the company will earn $0.30 per share for the year, up from their previous forecast of $0.09. National Bank Financial also issued estimates for Student Transportation’s FY2019 earnings at $0.19 EPS.
Separately, BMO Capital Markets upped their price objective on shares of Student Transportation from C$7.60 to C$7.75 and gave the stock a “market perform” rating in a report on Wednesday.
Shares of Student Transportation (TSE STB) traded up C$0.04 during midday trading on Wednesday, reaching C$7.89. 87,878 shares of the company’s stock traded hands, compared to its average volume of 130,021. Student Transportation has a 1-year low of C$6.98 and a 1-year high of C$8.25. The company has a market cap of $730.59, a price-to-earnings ratio of 26.17 and a beta of 0.24.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 15th will be issued a $0.0367 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.44 annualized dividend and a yield of 5.58%. Student Transportation’s dividend payout ratio (DPR) is presently 146.68%.
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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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