Stantec Inc. (NYSE:STN) Expected to Announce Earnings of $0.64 Per Share

Wall Street brokerages forecast that Stantec Inc. (NYSE:STNGet Rating) (TSE:STN) will announce earnings of $0.64 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Stantec’s earnings. The lowest EPS estimate is $0.59 and the highest is $0.67. Stantec reported earnings per share of $0.50 in the same quarter last year, which would suggest a positive year over year growth rate of 28%. The business is expected to issue its next earnings report 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 year, analysts expect that the company will post earnings of $2.63 per share, with EPS estimates ranging from $2.54 to $2.69. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Stantec.

Stantec (NYSE:STNGet Rating) (TSE:STN) last posted its quarterly earnings data on Wednesday, February 23rd. The business services provider reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Stantec had a return on equity of 14.21% and a net margin of 4.06%. The company had revenue of $726.86 million during the quarter, compared to analysts’ expectations of $732.46 million.

Several research firms have issued reports on STN. StockNews.com began coverage on Stantec in a research report on Thursday, March 31st. They issued a “buy” rating for the company. National Bank Financial upgraded Stantec from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 24th. TD Securities cut their price objective on Stantec from C$80.00 to C$74.00 in a research report on Friday. BMO Capital Markets dropped their price target on Stantec from C$78.00 to C$72.00 in a research report on Friday. Finally, Raymond James dropped their price target on Stantec from C$85.00 to C$77.00 in a research report on Friday. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $72.62.

Stantec stock opened at $42.20 on Monday. The stock has a 50 day moving average of $48.45 and a two-hundred day moving average of $52.08. Stantec has a twelve month low of $40.92 and a twelve month high of $58.50. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 30.14 and a beta of 0.93. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.60.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a dividend of $0.1391 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Wednesday, June 29th. Stantec’s dividend payout ratio is presently 40.71%.

A number of large investors have recently modified their holdings of STN. Mackenzie Financial Corp boosted its stake in Stantec by 15.9% in the 1st quarter. Mackenzie Financial Corp now owns 12,225,982 shares of the business services provider’s stock worth $614,238,000 after buying an additional 1,676,982 shares during the last quarter. Norges Bank acquired a new position in shares of Stantec in the 4th quarter valued at about $67,716,000. Bank of Montreal Can lifted its stake in shares of Stantec by 53.9% in the 4th quarter. Bank of Montreal Can now owns 2,894,454 shares of the business services provider’s stock valued at $163,777,000 after purchasing an additional 1,013,877 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Stantec in the 1st quarter valued at about $39,496,000. Finally, Alberta Investment Management Corp raised its holdings in shares of Stantec by 88.7% during the 4th quarter. Alberta Investment Management Corp now owns 1,644,544 shares of the business services provider’s stock valued at $92,529,000 after buying an additional 772,964 shares during the period. 62.35% of the stock is currently owned by hedge funds and other institutional investors.

About Stantec (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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Earnings History and Estimates for Stantec (NYSE:STN)

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