Brokerages Expect Stantec Inc. (NYSE:STN) to Announce $0.47 Earnings Per Share

Brokerages forecast that Stantec Inc. (NYSE:STN – Get Rating) (TSE:STN) will post earnings per share (EPS) of $0.47 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Stantec’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.51. Stantec posted earnings of $0.38 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.7%. The firm is expected to report its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Stantec will report full year earnings of $2.36 per share for the current fiscal year, with EPS estimates ranging from $2.33 to $2.39. For the next fiscal year, analysts anticipate that the business will report earnings of $2.63 per share, with EPS estimates ranging from $2.54 to $2.69. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Stantec.

Stantec (NYSE:STN – Get Rating) (TSE:STN) last issued its quarterly earnings data on Wednesday, February 23rd. The business services provider reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. The company had revenue of $726.86 million for the quarter, compared to analysts’ expectations of $732.46 million. Stantec had a return on equity of 13.60% and a net margin of 4.39%.

STN has been the topic of several recent analyst reports. National Bank Financial upgraded Stantec from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 24th. Maxim Group boosted their price objective on Stantec from C$72.00 to C$80.00 and gave the company a “sector perform” rating in a report on Wednesday, January 5th. BMO Capital Markets lowered their target price on Stantec from C$81.00 to C$78.00 in a report on Friday, February 25th. Raymond James raised Stantec from an “outperform” rating to a “strong-buy” rating in a report on Monday, January 24th. Finally, Zacks Investment Research raised Stantec from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $73.92.

Shares of NYSE:STN traded down $0.71 during trading on Monday, hitting $45.89. The company’s stock had a trading volume of 64,434 shares, compared to its average volume of 62,383. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.41 and a current ratio of 1.41. Stantec has a fifty-two week low of $42.70 and a fifty-two week high of $58.50. The stock’s 50-day moving average price is $49.58 and its two-hundred day moving average price is $52.41. The company has a market capitalization of $5.11 billion, a PE ratio of 32.09 and a beta of 0.93.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Thursday, March 31st were paid a $0.1415 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This is a boost from Stantec’s previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a yield of 1.23%. Stantec’s dividend payout ratio (DPR) is presently 39.86%.

A number of hedge funds have recently made changes to their positions in the business. National Bank of Canada FI bought a new stake in Stantec in the 4th quarter valued at $18,064,000. AGF Investments America Inc. increased its stake in shares of Stantec by 14.7% during the 4th quarter. AGF Investments America Inc. now owns 245,468 shares of the business services provider’s stock worth $13,792,000 after purchasing an additional 31,426 shares during the last quarter. Manchester Capital Management LLC acquired a new position in shares of Stantec during the 3rd quarter worth about $291,000. Goldman Sachs Group Inc. increased its stake in shares of Stantec by 30.0% during the 3rd quarter. Goldman Sachs Group Inc. now owns 388,482 shares of the business services provider’s stock worth $18,236,000 after purchasing an additional 89,716 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of Stantec by 22.4% during the 4th quarter. Ritholtz Wealth Management now owns 23,694 shares of the business services provider’s stock worth $1,333,000 after purchasing an additional 4,331 shares during the last quarter. 60.32% of the stock is currently owned by hedge funds and other institutional investors.

Stantec Company Profile (Get Rating)

Stantec Inc provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

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