Brokerages Expect Stantec Inc. (STN) to Post $0.41 Earnings Per Share

Equities analysts predict that Stantec Inc. (NYSE:STN) (TSE:STN) will report earnings of $0.41 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Stantec’s earnings, with estimates ranging from $0.35 to $0.45. Stantec reported earnings per share of $0.43 during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.7%. The company is scheduled to issue its next earnings report before the market opens on Thursday, November 8th.

According to Zacks, analysts expect that Stantec will report full year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.28 to $1.38. For the next fiscal year, analysts forecast that the business will post earnings of $1.72 per share, with EPS estimates ranging from $1.63 to $1.86. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Stantec.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, August 8th. The business services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.10). The business had revenue of $703.54 million during the quarter, compared to the consensus estimate of $705.24 million. Stantec had a return on equity of 10.09% and a net margin of 2.58%.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Stantec from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. CIBC upgraded Stantec from a “neutral” rating to a “sector outperform” rating in a research report on Friday, October 19th. ValuEngine upgraded Stantec from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Scotia Howard Weill upgraded Stantec from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, October 19th. Finally, Howard Weil upgraded Stantec from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, October 19th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $29.00.

Several large investors have recently bought and sold shares of the stock. CIBC World Markets Inc. lifted its position in shares of Stantec by 1.1% in the second quarter. CIBC World Markets Inc. now owns 211,323 shares of the business services provider’s stock worth $5,420,000 after buying an additional 2,389 shares in the last quarter. Toronto Dominion Bank raised its position in Stantec by 2.5% during the second quarter. Toronto Dominion Bank now owns 154,730 shares of the business services provider’s stock valued at $4,053,000 after purchasing an additional 3,829 shares during the period. CLARET ASSET MANAGEMENT Corp raised its position in Stantec by 5.3% during the third quarter. CLARET ASSET MANAGEMENT Corp now owns 82,021 shares of the business services provider’s stock valued at $2,040,000 after purchasing an additional 4,109 shares during the period. Global X Management Co LLC raised its position in Stantec by 18.7% during the second quarter. Global X Management Co LLC now owns 27,743 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 4,374 shares during the period. Finally, Bank of America Corp DE raised its position in Stantec by 42.6% during the second quarter. Bank of America Corp DE now owns 19,366 shares of the business services provider’s stock valued at $497,000 after purchasing an additional 5,790 shares during the period. Institutional investors own 58.51% of the company’s stock.

NYSE:STN opened at $26.43 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $2.97 billion, a P/E ratio of 19.43 and a beta of 1.23. Stantec has a 12 month low of $24.05 and a 12 month high of $29.25.

About Stantec

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services – Canada, Consulting Services – United States, Consulting Services – Global, and Construction Services.

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