Stantec Inc. (STN) Expected to Announce Earnings of $0.30 Per Share

Brokerages expect Stantec Inc. (NYSE:STN) (TSE:STN) to announce earnings of $0.30 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Stantec’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.30. Stantec reported earnings of $0.25 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Stantec will report full year earnings of $1.27 per share for the current year, with EPS estimates ranging from $1.26 to $1.29. For the next fiscal year, analysts expect that the firm 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 research analysts that cover Stantec.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Thursday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.07). The firm had revenue of $690.05 million during the quarter, compared to analysts’ expectations of $699.73 million. Stantec had a return on equity of 10.09% and a net margin of 2.58%.

Several research analysts have issued reports on the company. CIBC cut Stantec to a “hold” rating in a research report on Friday. Royal Bank of Canada reissued a “hold” rating on shares of Stantec in a research report on Friday. Raymond James cut Stantec from an “outperform” rating to a “market perform” rating in a research report on Friday. Zacks Investment Research raised Stantec from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Finally, Scotia Howard Weill raised Stantec from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, October 19th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Stantec presently has a consensus rating of “Hold” and an average target price of $29.00.

NYSE:STN traded down $1.76 on Friday, hitting $24.22. The stock had a trading volume of 31,624 shares, compared to its average volume of 27,797. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 17.81 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. Stantec has a 52-week low of $23.95 and a 52-week high of $29.25.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Friday, December 28th will be paid a $0.1049 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, December 27th. Stantec’s dividend payout ratio (DPR) is currently 30.88%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global X Management Co LLC raised its stake in shares of Stantec by 18.7% in the second quarter. Global X Management Co LLC now owns 27,743 shares of the business services provider’s stock worth $712,000 after buying an additional 4,374 shares during the period. Intact Investment Management Inc. raised its stake in shares of Stantec by 60.1% in the second quarter. Intact Investment Management Inc. now owns 295,600 shares of the business services provider’s stock worth $9,965,000 after buying an additional 111,000 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Stantec by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 137,407 shares of the business services provider’s stock worth $3,387,000 after buying an additional 9,499 shares during the period. JPMorgan Chase & Co. bought a new stake in Stantec during the 1st quarter valued at approximately $271,000. Finally, Massachusetts Financial Services Co. MA raised its stake in Stantec by 1.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 716,881 shares of the business services provider’s stock valued at $17,814,000 after purchasing an additional 10,500 shares during the period. 58.51% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Stantec (NYSE:STN)

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