$0.42 EPS Expected for Stantec Inc. (NYSE:STN) This Quarter

Wall Street analysts expect Stantec Inc. (NYSE:STN) (TSE:STN) to post $0.42 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Stantec’s earnings, with estimates ranging from $0.38 to $0.44. Stantec reported earnings per share of $0.34 in the same quarter last year, which indicates a positive year over year growth rate of 23.5%. The company is scheduled to report its next earnings results after the market closes on Wednesday, November 6th.

According to Zacks, analysts expect that Stantec will report full year earnings of $1.45 per share for the current year, with EPS estimates ranging from $1.41 to $1.49. For the next financial year, analysts forecast that the company will post earnings of $1.69 per share, with EPS estimates ranging from $1.61 to $1.76. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Stantec.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). Stantec had a return on equity of 10.70% and a net margin of 1.33%. The company had revenue of $712.92 million for the quarter, compared to the consensus estimate of $706.38 million.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets lowered their price objective on shares of Stantec from $39.00 to $37.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. CIBC reissued a “hold” rating and set a $35.00 price objective on shares of Stantec in a research report on Friday, August 9th. Zacks Investment Research raised shares of Stantec from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Raymond James reissued a “hold” rating and set a $34.50 price objective on shares of Stantec in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.90.

A number of institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp grew its position in Stantec by 5.4% in the second quarter. Mackenzie Financial Corp now owns 11,863,191 shares of the business services provider’s stock valued at $284,479,000 after purchasing an additional 609,955 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Stantec by 9.8% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,902,000 shares of the business services provider’s stock valued at $262,215,000 after purchasing an additional 975,000 shares in the last quarter. Royal Bank of Canada grew its position in Stantec by 1.7% in the second quarter. Royal Bank of Canada now owns 7,005,890 shares of the business services provider’s stock valued at $168,001,000 after purchasing an additional 118,182 shares in the last quarter. Vanguard Group Inc. grew its position in Stantec by 5.9% in the second quarter. Vanguard Group Inc. now owns 3,116,949 shares of the business services provider’s stock valued at $74,745,000 after purchasing an additional 172,277 shares in the last quarter. Finally, Cidel Asset Management Inc. grew its position in Stantec by 155.9% in the second quarter. Cidel Asset Management Inc. now owns 849,161 shares of the business services provider’s stock valued at $20,424,000 after purchasing an additional 517,384 shares in the last quarter. 62.53% of the stock is owned by institutional investors and hedge funds.

Shares of STN stock traded down $0.28 during trading hours on Friday, hitting $21.65. 36,297 shares of the company were exchanged, compared to its average volume of 24,240. The business has a 50 day moving average of $21.91 and a two-hundred day moving average of $23.28. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.84. Stantec has a 52 week low of $20.22 and a 52 week high of $26.74. The company has a market capitalization of $2.44 billion, a PE ratio of 16.24 and a beta of 1.16.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.44 dividend on an annualized basis and a yield of 2.03%. This is an increase from Stantec’s previous quarterly dividend of $0.11. Stantec’s dividend payout ratio (DPR) is 31.43%.

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 three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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Earnings History and Estimates for Stantec (NYSE:STN)

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