Stantec Inc. (NYSE:STN) Expected to Announce Earnings of $0.34 Per Share

Wall Street brokerages expect Stantec Inc. (NYSE:STN) (TSE:STN) to announce earnings of $0.34 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Stantec’s earnings, with estimates ranging from $0.33 to $0.35. Stantec reported earnings per share of $0.30 during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The business is scheduled to issue its next earnings report on Thursday, February 27th.

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On average, analysts expect that Stantec will report full year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.43 to $1.53. For the next year, analysts anticipate that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.61 to $1.82. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Stantec.

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

A number of brokerages have issued reports on STN. Raymond James reaffirmed an “outperform” rating and issued a $37.50 target price on shares of Stantec in a research report on Friday. CIBC raised Stantec from a “neutral” rating to an “outperform” rating and upped their price target for the company from $35.00 to $40.00 in a research report on Thursday. National Bank Financial raised Stantec from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $30.50 to $36.00 in a research report on Thursday. Royal Bank of Canada upped their price target on Stantec from $32.00 to $34.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Desjardins upped their price target on Stantec from $38.00 to $41.00 in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $36.95.

Several hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp raised its position in shares of Stantec by 5.4% during the 2nd quarter. Mackenzie Financial Corp now owns 11,863,191 shares of the business services provider’s stock valued at $284,479,000 after acquiring an additional 609,955 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Stantec by 9.8% during the 2nd 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 acquiring an additional 975,000 shares in the last quarter. Royal Bank of Canada raised its position in shares of Stantec by 1.7% during the 2nd quarter. Royal Bank of Canada now owns 7,005,890 shares of the business services provider’s stock valued at $168,001,000 after acquiring an additional 118,182 shares in the last quarter. QV Investors Inc. raised its position in shares of Stantec by 7.0% during the 3rd quarter. QV Investors Inc. now owns 4,725,522 shares of the business services provider’s stock valued at $138,552,000 after acquiring an additional 311,110 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Stantec by 5.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,116,949 shares of the business services provider’s stock valued at $74,745,000 after acquiring an additional 172,277 shares in the last quarter. 66.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of STN traded up $1.01 during trading on Tuesday, reaching $26.05. The company’s stock had a trading volume of 178,262 shares, compared to its average volume of 19,711. The company has a fifty day moving average of $21.87 and a two-hundred day moving average of $23.04. Stantec has a twelve month low of $20.22 and a twelve month high of $26.79. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 18.61 and a beta of 1.16. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.84.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, December 27th. Stantec’s dividend payout ratio is currently 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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