Analysts Expect Stantec Inc. (NYSE:STN) Will Announce Earnings of $0.42 Per Share

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Brokerages predict that Stantec Inc. (NYSE:STN) (TSE:STN) will announce earnings per share (EPS) of $0.42 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Stantec’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.44. Stantec posted earnings of $0.34 per share in the same quarter last year, which would indicate a positive year over year growth rate of 23.5%. The business is scheduled to report its next earnings report after the market closes on Wednesday, November 6th.

On average, analysts expect that Stantec will report full-year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.41 to $1.49. For the next year, analysts expect that the firm will report earnings of $1.69 per share, with EPS estimates ranging from $1.61 to $1.76. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Stantec.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.07). The company had revenue of $712.92 million during the quarter, compared to analysts’ expectations of $706.38 million. Stantec had a net margin of 1.33% and a return on equity of 10.70%.

A number of research analysts recently weighed in on the stock. CIBC reaffirmed a “hold” rating and issued a $35.00 price target on shares of Stantec in a research note on Friday, August 9th. Raymond James reaffirmed a “hold” rating and issued a $34.50 price target on shares of Stantec in a research note on Friday, August 9th. BMO Capital Markets decreased their target price on shares of Stantec from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Finally, Zacks Investment Research raised shares of Stantec from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Four research 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 “Buy” and an average target price of $33.90.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STN. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Stantec by 8.8% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,927,000 shares of the business services provider’s stock valued at $234,660,000 after buying an additional 800,000 shares during the period. Weaver Consulting Group acquired a new stake in Stantec in the 1st quarter valued at approximately $88,000. Intact Investment Management Inc. increased its holdings in Stantec by 56.7% in the 2nd quarter. Intact Investment Management Inc. now owns 188,400 shares of the business services provider’s stock valued at $5,904,000 after purchasing an additional 68,200 shares during the last quarter. Aperio Group LLC acquired a new stake in Stantec in the 2nd quarter valued at approximately $147,000. Finally, Swiss National Bank increased its holdings in Stantec by 1.1% in the 2nd quarter. Swiss National Bank now owns 210,670 shares of the business services provider’s stock valued at $5,056,000 after purchasing an additional 2,200 shares during the last quarter. 62.53% of the stock is currently owned by institutional investors and hedge funds.

Stantec stock traded down $0.17 during midday trading on Friday, reaching $21.84. The company had a trading volume of 8,416 shares, compared to its average volume of 22,051. The company has a market capitalization of $2.41 billion, a P/E ratio of 15.60 and a beta of 1.16. Stantec has a 12-month low of $20.22 and a 12-month high of $26.74. The firm’s fifty day simple moving average is $21.91 and its 200-day simple moving average is $23.29. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.84 and a quick ratio of 1.84.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.01%. This is a positive change from Stantec’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, September 27th. Stantec’s dividend payout ratio (DPR) is 31.43%.

About Stantec

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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