Stantec Inc. (NYSE:STN) (TSE:STN) – Equities researchers at Desjardins increased their FY2019 earnings estimates for shares of Stantec in a research report issued on Monday, May 13th. Desjardins analyst B. Poirier now forecasts that the business services provider will post earnings of $1.54 per share for the year, up from their previous estimate of $1.35. Desjardins also issued estimates for Stantec’s FY2020 earnings at $1.82 EPS.
Several other brokerages also recently issued reports on STN. TheStreet raised shares of Stantec from a “c” rating to a “b-” rating in a research report on Friday, March 15th. Royal Bank of Canada reissued an “average” rating and set a $36.00 price objective on shares of Stantec in a research report on Friday, March 1st. Raymond James reissued a “neutral” rating and set a $35.00 price objective on shares of Stantec in a research report on Monday. Zacks Investment Research raised shares of Stantec from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets restated a “buy” rating on shares of Stantec in a report on Thursday, February 28th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $33.33.
Shares of STN stock opened at $23.99 on Thursday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.88. Stantec has a 12-month low of $21.44 and a 12-month high of $26.74. The firm has a market cap of $2.66 billion, a PE ratio of 17.14 and a beta of 1.19.
Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Thursday, February 28th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). Stantec had a return on equity of 10.03% and a net margin of 1.12%. The company had revenue of $632.33 million for the quarter, compared to the consensus estimate of $623.45 million.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Beutel Goodman & Co Ltd. acquired a new position in Stantec during the first quarter worth $27,000. Barclays PLC boosted its holdings in Stantec by 980.4% during the fourth quarter. Barclays PLC now owns 7,563 shares of the business services provider’s stock worth $165,000 after purchasing an additional 6,863 shares during the last quarter. Geode Capital Management LLC acquired a new position in Stantec during the fourth quarter worth $226,000. Bank of New York Mellon Corp boosted its holdings in Stantec by 65.1% during the third quarter. Bank of New York Mellon Corp now owns 16,023 shares of the business services provider’s stock worth $398,000 after purchasing an additional 6,317 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Stantec by 18.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,951 shares of the business services provider’s stock worth $764,000 after purchasing an additional 5,512 shares during the last quarter. Institutional investors and hedge funds own 67.53% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.108 per share. This represents a $0.43 annualized dividend and a yield of 1.80%. The ex-dividend date is Thursday, June 27th. Stantec’s payout ratio is 31.43%.
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 three segments: Consulting Services Canada, Consulting Services United States, and Consulting Services Global.
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