Wall Street brokerages expect that Stantec Inc. (NYSE:STN) (TSE:STN) will post $700.95 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Stantec’s earnings. The lowest sales estimate is $676.63 million and the highest is $716.68 million. Stantec reported sales of $680.33 million during the same quarter last year, which indicates a positive year over year growth rate of 3%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 8th.
According to Zacks, analysts expect that Stantec will report full year sales of $2.71 billion for the current financial year, with estimates ranging from $2.68 billion to $2.75 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.83 billion, with estimates ranging from $2.75 billion to $2.90 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Stantec.
Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, August 8th. The business services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.10). Stantec had a return on equity of 10.09% and a net margin of 2.58%. The business had revenue of $703.54 million during the quarter, compared to the consensus estimate of $705.24 million.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Stantec from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, July 11th. ValuEngine upgraded Stantec from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. CIBC downgraded Stantec from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, July 5th. Finally, TheStreet upgraded Stantec from a “c+” rating to a “b-” rating in a research note on Monday, July 2nd. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $34.50.
Several institutional investors have recently added to or reduced their stakes in STN. Bank of New York Mellon Corp bought a new stake in shares of Stantec during the 2nd quarter valued at about $249,000. JPMorgan Chase & Co. purchased a new position in shares of Stantec during the 1st quarter valued at about $271,000. Bank of America Corp DE lifted its position in shares of Stantec by 42.6% during 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 buying an additional 5,790 shares in the last quarter. Global X Management Co LLC lifted its position in shares of Stantec by 18.7% during 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 buying an additional 4,374 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Stantec by 27.1% during 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 buying an additional 13,151 shares in the last quarter. Institutional investors and hedge funds own 58.34% of the company’s stock.
NYSE STN traded down $0.28 during trading hours on Friday, hitting $24.56. The company’s stock had a trading volume of 7,200 shares, compared to its average volume of 20,877. Stantec has a 12 month low of $24.05 and a 12 month high of $29.25. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 18.06 and a beta of 1.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Shareholders of record on Friday, September 28th were paid a dividend of $0.106 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.73%. Stantec’s dividend payout ratio is currently 30.88%.
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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