Zacks: Analysts Anticipate Stantec Inc. (NYSE:STN) to Announce $0.44 Earnings Per Share

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Brokerages expect that Stantec Inc. (NYSE:STN) (TSE:STN) will report $0.44 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Stantec’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.39. Stantec reported earnings per share of $0.32 during the same quarter last year, which indicates a positive year over year growth rate of 37.5%. The business is scheduled to report its next earnings report after the market closes on Wednesday, August 7th.

On average, analysts expect that Stantec will report full year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.42 to $1.59. For the next fiscal year, analysts anticipate that the business will report earnings of $1.76 per share, with EPS estimates ranging from $1.70 to $1.82. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Stantec.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Thursday, May 9th. The business services provider reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. Stantec had a return on equity of 10.03% and a net margin of 1.12%. The business had revenue of $680.04 million during the quarter, compared to analysts’ expectations of $675.48 million.

Several equities research analysts have weighed in on STN shares. CIBC reiterated a “hold” rating on shares of Stantec in a report on Thursday, June 13th. Raymond James started coverage on Tradeweb Markets in a report on Monday, June 17th. They issued a “market perform” rating and a $41.82 target price for the company. Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Tuesday. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Stantec in a report on Thursday, June 13th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $32.67.

Shares of STN stock traded down $0.07 during mid-day trading on Friday, hitting $24.07. The stock had a trading volume of 380 shares, compared to its average volume of 17,042. Stantec has a 12-month low of $21.44 and a 12-month high of $26.74. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 17.23 and a beta of 1.14. The stock has a 50-day moving average of $24.07. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.88.

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.108 dividend. This represents a $0.43 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Thursday, June 27th. Stantec’s dividend payout ratio is 30.71%.

Hedge funds have recently modified their holdings of the business. Beutel Goodman & Co Ltd. bought a new position in shares of Stantec in the 1st quarter worth $27,000. Weaver Consulting Group bought a new position in shares of Stantec in the 1st quarter worth $88,000. Barclays PLC raised its position in shares of Stantec by 980.4% in the 4th quarter. Barclays PLC now owns 7,563 shares of the business services provider’s stock worth $165,000 after acquiring an additional 6,863 shares in the last quarter. Geode Capital Management LLC bought a new position in shares of Stantec in the 4th quarter worth $226,000. Finally, Legal & General Group Plc raised its position in shares of Stantec by 89.7% in the 4th quarter. Legal & General Group Plc now owns 55,142 shares of the business services provider’s stock worth $1,207,000 after acquiring an additional 26,074 shares in the last quarter. Institutional investors and hedge funds own 66.00% of the company’s stock.

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 three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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Earnings History and Estimates for Stantec (NYSE:STN)

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