Wall Street brokerages forecast that Stantec Inc. (NYSE:STN) (TSE:STN) will announce sales of $721.22 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Stantec’s earnings, with estimates ranging from $695.90 million to $750.40 million. Stantec posted sales of $668.92 million in the same quarter last year, which suggests a positive year over year growth rate of 7.8%. The business is expected to report its next earnings results before the market opens on Thursday, November 9th.
On average, analysts expect that Stantec will report full-year sales of $721.22 million for the current financial year, with estimates ranging from $2.77 billion to $2.87 billion. For the next financial year, analysts expect that the firm will post sales of $3.07 billion per share, with estimates ranging from $2.86 billion to $3.33 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Stantec.
Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.03. The business had revenue of $891.49 million for the quarter, compared to analyst estimates of $902.78 million. Stantec had a return on equity of 10.67% and a net margin of 2.31%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 EPS.
Several analysts have issued reports on STN shares. Zacks Investment Research lowered Stantec from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. TheStreet upgraded Stantec from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Finally, BidaskClub upgraded Stantec from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Stantec has a consensus rating of “Hold” and a consensus target price of $32.20.
A number of large investors have recently modified their holdings of the stock. FMR LLC lifted its stake in Stantec by 44.2% during the first quarter. FMR LLC now owns 6,965,250 shares of the business services provider’s stock worth $180,751,000 after purchasing an additional 2,136,100 shares during the last quarter. Vanguard Group Inc. lifted its stake in Stantec by 5.8% during the first quarter. Vanguard Group Inc. now owns 2,039,743 shares of the business services provider’s stock worth $52,830,000 after purchasing an additional 111,310 shares during the last quarter. Grandeur Peak Global Advisors LLC lifted its stake in Stantec by 3.9% during the first quarter. Grandeur Peak Global Advisors LLC now owns 1,510,635 shares of the business services provider’s stock worth $39,147,000 after purchasing an additional 57,400 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Stantec by 18.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 956,715 shares of the business services provider’s stock worth $24,779,000 after purchasing an additional 151,257 shares during the last quarter. Finally, Water Asset Management LLC lifted its stake in Stantec by 471.7% during the first quarter. Water Asset Management LLC now owns 304,537 shares of the business services provider’s stock worth $7,888,000 after purchasing an additional 251,269 shares during the last quarter. 56.98% of the stock is currently owned by institutional investors and hedge funds.
Stantec (STN) traded up 0.441% during mid-day trading on Wednesday, reaching $28.475. The company’s stock had a trading volume of 13,632 shares. Stantec has a 52-week low of $21.50 and a 52-week high of $28.55. The company has a 50 day moving average of $28.02 and a 200-day moving average of $25.75. The stock has a market cap of $3.24 billion, a PE ratio of 33.343 and a beta of 1.57.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. This is an increase from Stantec’s previous quarterly dividend of $0.09. Stantec’s dividend payout ratio is currently 51.28%.
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Stantec Company Profile
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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