Stantec (STN) Set to Announce Quarterly Earnings on Wednesday

Stantec (TSE:STN) (NYSE:STN) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$0.91 per share for the quarter.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Wednesday, February 28th. The company reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.04). Stantec had a net margin of 6.54% and a return on equity of 13.14%. The firm had revenue of C$1.24 billion for the quarter, compared to analysts’ expectations of C$1.22 billion.

Stantec Trading Up 0.1 %

Shares of STN stock opened at C$114.52 on Monday. The stock has a fifty day simple moving average of C$112.42 and a two-hundred day simple moving average of C$105.32. Stantec has a 52-week low of C$77.00 and a 52-week high of C$118.39. The firm has a market capitalization of C$13.06 billion, a PE ratio of 38.43, a PEG ratio of 1.46 and a beta of 0.87. The company has a debt-to-equity ratio of 62.82, a quick ratio of 1.46 and a current ratio of 1.41.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Stantec’s previous quarterly dividend of $0.20. Stantec’s dividend payout ratio (DPR) is 28.19%.

Insiders Place Their Bets

In other Stantec news, Director Steve Marvin Fleck sold 2,000 shares of Stantec stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$116.02, for a total value of C$232,040.00. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on STN shares. Stifel Nicolaus lifted their price objective on shares of Stantec from C$130.00 to C$132.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada lifted their price target on shares of Stantec from C$121.00 to C$123.00 and gave the company an “outperform” rating in a report on Friday, March 1st. ATB Capital downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$115.00 to C$120.00 in a report on Friday, March 1st. Canaccord Genuity Group lifted their price target on shares of Stantec from C$110.00 to C$120.00 and gave the company a “hold” rating in a report on Friday, March 1st. Finally, Scotiabank lifted their price target on shares of Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$120.46.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.