Stantec (STN) Set to Announce Earnings on Wednesday

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Stantec (TSE:STN) (NYSE:STN) is scheduled to post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Stantec to post earnings of C$0.59 per share for the quarter.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Thursday, May 9th. The company reported C$0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.45. The firm had revenue of C$904.10 million during the quarter, compared to the consensus estimate of C$892.80 million.

Shares of STN opened at C$30.76 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 1.90 and a debt-to-equity ratio of 96.15. Stantec has a one year low of C$29.03 and a one year high of C$35.04. The company has a market capitalization of $3.44 billion and a price-to-earnings ratio of 62.78. The business has a fifty day moving average price of C$31.66.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, June 27th. Stantec’s payout ratio is currently 113.78%.

Several analysts recently commented on the company. Raymond James reaffirmed a “market perform” rating and issued a C$35.00 price objective on shares of Stantec in a report on Monday, June 17th. BMO Capital Markets lifted their price objective on Stantec from C$38.00 to C$39.00 in a report on Monday, May 13th. Desjardins lifted their price objective on Stantec from C$39.00 to C$40.00 in a report on Monday, May 13th. Finally, National Bank Financial boosted their price target on Stantec to C$31.00 and gave the company a “sector perform” rating in a report on Monday, May 13th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Stantec currently has an average rating of “Hold” and an average price target of C$36.78.

In other Stantec news, Director Jeffrey Philip Stone sold 3,000 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$32.26, for a total transaction of C$96,774.00.

About Stantec

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 for Stantec (TSE:STN)

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