Analysts expect Stantec Inc. (NYSE:STN) (TSE:STN) to report $0.34 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Stantec’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.33. Stantec posted earnings of $0.30 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The company is scheduled to issue its next quarterly earnings results on Thursday, February 27th.
On average, analysts expect that Stantec will report full-year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.31 to $1.53. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.71 per share, with EPS estimates ranging from $1.53 to $1.82. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Stantec.
A number of research firms have weighed in on STN. Canaccord Genuity upped their target price on Stantec from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, November 8th. BMO Capital Markets lowered their target price on shares of Stantec from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Zacks Investment Research downgraded Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. TD Securities upgraded Stantec from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $39.00 in a report on Friday, November 8th. Finally, CIBC raised Stantec from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $35.00 to $40.00 in a research report on Thursday, November 7th. Three equities research 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 “Buy” and an average price target of $35.21.
Shares of NYSE:STN traded down $0.28 on Thursday, reaching $26.18. The company’s stock had a trading volume of 895 shares, compared to its average volume of 76,158. Stantec has a 52-week low of $20.22 and a 52-week high of $27.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.77 and a current ratio of 1.77. The company has a 50-day simple moving average of $23.97 and a 200 day simple moving average of $23.28. The company has a market cap of $2.96 billion, a P/E ratio of 18.72 and a beta of 1.26.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, December 27th. Stantec’s payout ratio is currently 31.43%.
Large investors have recently added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec grew its stake in Stantec by 9.8% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,902,000 shares of the business services provider’s stock valued at $262,215,000 after purchasing an additional 975,000 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Stantec by 5.4% in the second quarter. Mackenzie Financial Corp now owns 11,863,191 shares of the business services provider’s stock valued at $284,479,000 after acquiring an additional 609,955 shares during the period. Cidel Asset Management Inc. lifted its holdings in Stantec by 155.9% in the second quarter. Cidel Asset Management Inc. now owns 849,161 shares of the business services provider’s stock valued at $20,424,000 after acquiring an additional 517,384 shares during the period. QV Investors Inc. boosted its position in Stantec by 7.0% in the 3rd quarter. QV Investors Inc. now owns 4,725,522 shares of the business services provider’s stock worth $138,552,000 after purchasing an additional 311,110 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Stantec by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,116,949 shares of the business services provider’s stock worth $74,745,000 after purchasing an additional 172,277 shares in the last quarter. 66.30% of the stock is currently owned by institutional investors.
Stantec Company Profile
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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