Zacks: Brokerages Expect Stantec (STN) to Announce $0.43 EPS

Equities research analysts predict that Stantec (NYSE:STN) (TSE:STN) will post earnings per share of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Stantec’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.45. Stantec posted earnings of $0.38 per share in the same quarter last year, which indicates a positive year over year growth rate of 13.2%. The business is expected to report its next quarterly earnings results on Wednesday, August 8th.

On average, analysts expect that Stantec will report full year earnings of $1.55 per share for the current year, with EPS estimates ranging from $1.49 to $1.60. For the next year, analysts expect that the firm will report earnings of $1.74 per share, with EPS estimates ranging from $1.66 to $1.79. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Stantec.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Thursday, May 10th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). The company had revenue of $693.67 million for the quarter, compared to the consensus estimate of $695.73 million. Stantec had a return on equity of 10.74% and a net margin of 3.67%.

STN has been the topic of a number of research analyst reports. TheStreet cut shares of Stantec from a “b” rating to a “c+” rating in a research report on Monday, February 26th. Zacks Investment Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 26th. CIBC raised shares of Stantec from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, April 26th. Finally, National Bank Financial cut shares of Stantec from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $35.00.

Shares of Stantec traded down $0.10, reaching $25.40, on Friday, MarketBeat Ratings reports. 1,991 shares of the company were exchanged, compared to its average volume of 17,239. The stock has a market capitalization of $2.90 billion, a PE ratio of 18.68 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.56 and a quick ratio of 1.56. Stantec has a one year low of $22.80 and a one year high of $29.25.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Friday, June 29th will be given a $0.107 dividend. The ex-dividend date is Thursday, June 28th. This represents a $0.43 annualized dividend and a yield of 1.69%. Stantec’s payout ratio is 31.62%.

A number of hedge funds and other institutional investors have recently made changes to their positions in STN. APG Asset Management N.V. bought a new position in Stantec in the 4th quarter valued at about $1,243,000. The Manufacturers Life Insurance Company increased its stake in Stantec by 9.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,576,405 shares of the business services provider’s stock valued at $44,061,000 after buying an additional 138,709 shares during the last quarter. Global X Management Co. LLC increased its stake in Stantec by 75.3% in the 4th quarter. Global X Management Co. LLC now owns 7,951 shares of the business services provider’s stock valued at $222,000 after buying an additional 3,416 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Stantec in the 4th quarter valued at about $3,312,000. Finally, ARP Americas LP purchased a new stake in Stantec in the 4th quarter valued at about $247,000. 56.27% of the stock is currently owned by institutional investors and hedge funds.

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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