Q3 2018 Earnings Estimate for Stantec Inc. (STN) Issued By Desjardins

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Stantec Inc. (TSE:STN) (NYSE:STN) – Equities researchers at Desjardins raised their Q3 2018 earnings per share estimates for Stantec in a report released on Thursday, August 9th. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $0.59 for the quarter, up from their prior estimate of $0.58. Desjardins also issued estimates for Stantec’s FY2018 earnings at $1.82 EPS and FY2019 earnings at $2.15 EPS.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings results on Thursday, May 10th. The company reported C$0.42 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.03). The firm had revenue of C$876.60 million during the quarter, compared to analyst estimates of C$886.98 million. Stantec had a return on equity of 2.39% and a net margin of 1.40%.

A number of other equities research analysts have also recently commented on STN. Canaccord Genuity upgraded Stantec from a “hold” rating to a “buy” rating and increased their target price for the company from C$34.00 to C$37.00 in a report on Thursday. BMO Capital Markets increased their target price on Stantec from C$38.00 to C$40.00 in a report on Thursday. National Bank Financial lowered their target price on Stantec from C$37.00 to C$35.00 in a report on Friday, May 11th. TD Securities increased their target price on Stantec from C$36.00 to C$38.00 and gave the company a “hold” rating in a report on Friday, May 11th. Finally, CIBC upgraded Stantec from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$36.00 to C$38.00 in a report on Friday, April 27th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$37.45.

Shares of TSE:STN opened at C$33.63 on Monday. Stantec has a one year low of C$30.97 and a one year high of C$37.13.

In other news, Director Paul Jeremy David Alpern sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of C$34.05, for a total transaction of C$340,500.00. Also, Director Steve Marvin Fleck acquired 2,400 shares of the firm’s stock in a transaction dated Friday, May 18th. The shares were acquired at an average price of C$32.92 per share, for a total transaction of C$79,008.00.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 11th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, September 27th.

Stantec Company Profile

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.

Further Reading: NASDAQ

Earnings History and Estimates for Stantec (TSE:STN)

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