Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Friday, February 26th, Wall Street Journal reports. Shareholders of record on Wednesday, March 31st will be paid a dividend of 0.1319 per share by the business services provider on Thursday, April 15th. This represents a $0.53 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, March 30th. This is an increase from Stantec’s previous quarterly dividend of $0.12.
Stantec has raised its dividend payment by 18.3% over the last three years and has raised its dividend every year for the last 1 years. Stantec has a dividend payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Stantec to earn $1.67 per share next year, which means the company should continue to be able to cover its $0.51 annual dividend with an expected future payout ratio of 30.5%.
Shares of STN stock opened at $42.75 on Friday. The firm has a fifty day moving average of $40.17 and a 200-day moving average of $33.74. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.29. Stantec has a 12-month low of $23.90 and a 12-month high of $43.65. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 32.88 and a beta of 0.96.
Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, February 24th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.13. Stantec had a net margin of 4.09% and a return on equity of 11.78%. The company had revenue of $661.25 million during the quarter, compared to the consensus estimate of $683.59 million. On average, equities analysts expect that Stantec will post 1.54 EPS for the current year.
STN has been the subject of several research reports. Zacks Investment Research raised shares of Stantec from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, March 3rd. Royal Bank of Canada increased their price objective on shares of Stantec from $45.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Friday, February 26th. BMO Capital Markets increased their price objective on shares of Stantec from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday, February 26th. Desjardins increased their target price on shares of Stantec from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, March 1st. Finally, ATB Capital restated a “buy” rating and set a $54.00 target price on shares of Stantec in a report on Friday, February 26th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $52.96.
Stantec Company Profile
Stantec Inc provides professional consulting services in the area of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.
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