Equities research analysts predict that Stantec Inc. (NYSE:STN) (TSE:STN) will report sales of $695.73 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Stantec’s earnings, with the lowest sales estimate coming in at $656.48 million and the highest estimate coming in at $733.57 million. Stantec reported sales of $660.07 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.4%. The company is expected to issue its next quarterly earnings results on Thursday, May 10th.
According to Zacks, analysts expect that Stantec will report full year sales of $695.73 million for the current year, with estimates ranging from $2.74 billion to $2.97 billion. For the next financial year, analysts forecast that the firm will report sales of $3.07 billion per share, with estimates ranging from $2.84 billion to $3.30 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Stantec.
Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.11). Stantec had a return on equity of 10.72% and a net margin of 1.88%. The business had revenue of $805.00 million for the quarter, compared to analyst estimates of $854.21 million. During the same quarter last year, the company earned $0.35 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year.
STN has been the topic of several analyst reports. TheStreet lowered shares of Stantec from a “b” rating to a “c+” rating in a research note on Monday, February 26th. Zacks Investment Research upgraded shares of Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, National Bank Financial lowered shares of Stantec from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $35.00.
Large investors have recently bought and sold shares of the stock. Guardian Capital LP grew its stake in Stantec by 10.0% in the 3rd quarter. Guardian Capital LP now owns 3,637,776 shares of the business services provider’s stock valued at $100,696,000 after buying an additional 329,933 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Stantec by 9.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,576,405 shares of the business services provider’s stock valued at $44,061,000 after buying an additional 138,709 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in Stantec in the 4th quarter valued at $33,475,000. Global X Management Co. LLC grew its stake in Stantec by 75.3% in the 4th quarter. Global X Management Co. LLC now owns 7,951 shares of the business services provider’s stock valued at $222,000 after buying an additional 3,416 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in Stantec by 228.0% in the 3rd quarter. Schroder Investment Management Group now owns 16,400 shares of the business services provider’s stock valued at $568,000 after buying an additional 11,400 shares during the last quarter. Institutional investors and hedge funds own 56.32% of the company’s stock.
Shares of STN traded up $0.55 during mid-day trading on Friday, hitting $25.00. 21,301 shares of the company’s stock were exchanged, compared to its average volume of 34,564. Stantec has a twelve month low of $22.25 and a twelve month high of $29.25. The firm has a market cap of $2,791.51, a price-to-earnings ratio of 17.98 and a beta of 1.61. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.29.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be paid a $0.108 dividend. The ex-dividend date is Wednesday, March 28th. This is a positive change from Stantec’s previous quarterly dividend of $0.10. This represents a $0.43 dividend on an annualized basis and a yield of 1.73%. Stantec’s dividend payout ratio (DPR) is presently 31.62%.
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Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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