Zacks: Brokerages Expect Stantec Inc. (STN) Will Announce Earnings of $0.31 Per Share

Analysts expect Stantec Inc. (NYSE:STN) (TSE:STN) to announce earnings of $0.31 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Stantec’s earnings, with estimates ranging from $0.29 to $0.33. Stantec reported earnings per share of $0.25 in the same quarter last year, which suggests a positive year-over-year growth rate of 24%. The firm is scheduled to report its next quarterly earnings results on Thursday, February 28th.

On average, analysts expect that Stantec will report full year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.29. For the next financial year, analysts expect that the firm will report earnings of $1.71 per share, with EPS estimates ranging from $1.69 to $1.74. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Stantec.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Thursday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). The company had revenue of $690.05 million for the quarter, compared to analyst estimates of $699.73 million. Stantec had a return on equity of 9.47% and a net margin of 1.34%.

A number of research firms have recently issued reports on STN. Zacks Investment Research upgraded shares of Stantec from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. TheStreet cut shares of Stantec from a “b-” rating to a “c” rating in a research note on Monday, November 19th. Raymond James cut shares of Stantec from an “outperform” rating to a “market perform” rating in a research note on Friday, November 9th. CIBC cut shares of Stantec to a “hold” rating in a research note on Friday, November 9th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Stantec in a research note on Friday, November 9th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Stantec currently has an average rating of “Hold” and a consensus target price of $29.00.

A number of institutional investors have recently modified their holdings of the business. CIBC World Markets Inc. raised its stake in Stantec by 1.1% in the 2nd quarter. CIBC World Markets Inc. now owns 211,323 shares of the business services provider’s stock worth $5,420,000 after purchasing an additional 2,389 shares in the last quarter. Toronto Dominion Bank raised its stake in Stantec by 2.5% in the 2nd quarter. Toronto Dominion Bank now owns 154,730 shares of the business services provider’s stock worth $4,053,000 after purchasing an additional 3,829 shares in the last quarter. CLARET ASSET MANAGEMENT Corp raised its stake in Stantec by 5.3% in the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 82,021 shares of the business services provider’s stock worth $2,040,000 after purchasing an additional 4,109 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Stantec by 544.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,975 shares of the business services provider’s stock worth $124,000 after purchasing an additional 4,203 shares in the last quarter. Finally, Global X Management Co LLC raised its stake in Stantec by 18.7% in the 2nd quarter. Global X Management Co LLC now owns 27,743 shares of the business services provider’s stock worth $712,000 after purchasing an additional 4,374 shares in the last quarter. Institutional investors and hedge funds own 61.75% of the company’s stock.

NYSE STN opened at $23.83 on Monday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.47. The stock has a market cap of $2.70 billion, a PE ratio of 17.52 and a beta of 1.23. Stantec has a 52-week low of $23.05 and a 52-week high of $29.25.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Friday, December 28th will be paid a $0.1049 dividend. This represents a $0.42 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, December 27th. Stantec’s dividend payout ratio (DPR) is 30.88%.

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 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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