Stantec (STN) Posts Earnings Results, Misses Expectations By $0.07 EPS

Stantec (NYSE:STN) (TSE:STN) issued its quarterly earnings results on Thursday. The business services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07), MarketWatch Earnings reports. Stantec had a return on equity of 10.09% and a net margin of 2.58%. The company had revenue of $690.05 million during the quarter, compared to the consensus estimate of $699.73 million.

STN stock traded down $1.76 during midday trading on Friday, hitting $24.22. The company’s stock had a trading volume of 31,624 shares, compared to its average volume of 21,432. The stock has a market capitalization of $3.00 billion, a PE ratio of 17.81 and a beta of 1.23. Stantec has a 12 month low of $23.95 and a 12 month high of $29.25. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43.

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

A number of analysts have recently commented on the company. Zacks Investment Research raised Stantec from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. ValuEngine raised Stantec from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Scotia Howard Weill raised Stantec from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, October 19th. CIBC raised Stantec from a “neutral” rating to a “sector outperform” rating in a research report on Friday, October 19th. Finally, Howard Weil raised Stantec from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, October 19th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $29.00.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in Stantec in the 2nd quarter valued at approximately $249,000. JPMorgan Chase & Co. bought a new position in Stantec in the 1st quarter valued at approximately $271,000. Bank of America Corp DE lifted its position in Stantec by 42.6% in the 2nd quarter. Bank of America Corp DE now owns 19,366 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 5,790 shares in the last quarter. Global X Management Co LLC lifted its position 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 valued at $712,000 after acquiring an additional 4,374 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in Stantec by 27.1% in the 2nd quarter. CIBC Asset Management Inc now owns 61,610 shares of the business services provider’s stock valued at $1,585,000 after acquiring an additional 13,151 shares in the last quarter. 58.51% of the stock is currently owned by institutional investors and hedge funds.

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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 for Stantec (NYSE:STN)

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