Brokerages expect Stantec Inc. (NYSE:STN) (TSE:STN) to post $692.87 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Stantec’s earnings. The highest sales estimate is $710.71 million and the lowest is $675.03 million. Stantec reported sales of $632.33 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.6%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 27th.
According to Zacks, analysts expect that Stantec will report full-year sales of $2.81 billion for the current financial year, with estimates ranging from $2.76 billion to $2.88 billion. For the next fiscal year, analysts expect that the business will post sales of $2.94 billion, with estimates ranging from $2.85 billion to $3.06 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Stantec.
Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Wednesday, November 6th. The business services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Stantec had a net margin of 2.99% and a return on equity of 11.53%. The firm had revenue of $716.52 million for the quarter, compared to analyst estimates of $700.81 million.
Several research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Stantec from $39.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Raymond James restated an “outperform” rating and set a $37.50 price target on shares of Stantec in a report on Friday, November 8th. Zacks Investment Research cut shares of Stantec from a “hold” rating to a “strong sell” rating in a report on Thursday, January 9th. CIBC upgraded shares of Stantec from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $35.00 to $40.00 in a report on Thursday, November 7th. Finally, TD Securities upgraded shares of Stantec from a “hold” rating to a “buy” rating and boosted their target price for the company from $33.00 to $39.00 in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $35.93.
Several institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp boosted its position in 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 buying an additional 609,955 shares during the period. Royal Bank of Canada boosted its position in 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 buying an additional 118,182 shares during the period. QV Investors Inc. lifted its position in shares of Stantec by 7.0% in the 3rd quarter. QV Investors Inc. now owns 4,725,522 shares of the business services provider’s stock worth $138,552,000 after purchasing an additional 311,110 shares during the period. Vanguard Group Inc. lifted its position in shares of Stantec by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,116,949 shares of the business services provider’s stock worth $74,745,000 after purchasing an additional 172,277 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Stantec by 2.0% in the 2nd quarter. Invesco Ltd. now owns 842,024 shares of the business services provider’s stock worth $20,192,000 after purchasing an additional 16,159 shares during the period. 66.13% of the stock is owned by institutional investors.
Stantec stock traded up $0.21 during mid-day trading on Tuesday, reaching $29.81. The company had a trading volume of 25,475 shares, compared to its average volume of 52,482. Stantec has a fifty-two week low of $20.22 and a fifty-two week high of $29.93. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81. The company has a market cap of $3.29 billion, a P/E ratio of 31.71 and a beta of 1.27. The business has a fifty day simple moving average of $28.04 and a 200 day simple moving average of $24.24.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, December 27th. Stantec’s payout ratio is 31.43%.
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.
Featured Article: Google Finance Portfolio
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.