Zacks: Brokerages Expect Stantec Inc. (NYSE:STN) Will Post Earnings of $0.44 Per Share

Wall Street brokerages expect Stantec Inc. (NYSE:STN) (TSE:STN) to report earnings per share (EPS) of $0.44 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Stantec’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.47. Stantec posted earnings of $0.32 per share in the same quarter last year, which suggests a positive year over year growth rate of 37.5%. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 14th.

On average, analysts expect that Stantec will report full-year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.42 to $1.59. For the next financial year, analysts forecast that the firm will post earnings of $1.76 per share, with EPS estimates ranging from $1.70 to $1.82. Zacks’ earnings per share calculations are an average based on a survey of research firms 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 Zacks’ consensus estimate of $0.34. The business had revenue of $680.04 million during the quarter, compared to analyst estimates of $675.48 million. Stantec had a return on equity of 10.03% and a net margin of 1.12%.



STN has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “average” rating and issued a $36.00 price target on shares of Stantec in a report on Friday, March 1st. BMO Capital Markets reaffirmed a “buy” rating on shares of Stantec in a research report on Thursday, February 28th. Zacks Investment Research raised Stantec from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Friday, May 17th. Raymond James reaffirmed a “neutral” rating and set a $35.00 price objective on shares of Stantec in a research report on Monday, June 17th. Finally, CIBC reaffirmed a “hold” rating on shares of Stantec in a research report on Thursday, June 13th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $32.67.

A number of institutional investors have recently added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec raised its stake in Stantec by 8.8% in the first 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 last quarter. Great West Life Assurance Co. Can raised its stake in Stantec by 79.6% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,144,513 shares of the business services provider’s stock valued at $47,076,000 after buying an additional 950,389 shares during the last quarter. Norges Bank purchased a new stake in Stantec in the fourth quarter valued at about $33,961,000. FIL Ltd raised its stake in Stantec by 18.6% in the first quarter. FIL Ltd now owns 1,398,036 shares of the business services provider’s stock valued at $33,038,000 after buying an additional 218,997 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in Stantec by 9.6% in the first quarter. TD Asset Management Inc. now owns 1,186,919 shares of the business services provider’s stock valued at $28,058,000 after buying an additional 103,520 shares during the last quarter. Institutional investors own 66.00% of the company’s stock.

Shares of Stantec stock traded down $0.37 during trading hours on Friday, reaching $23.82. 203 shares of the stock traded hands, compared to its average volume of 17,985. The business’s 50 day moving average is $23.91. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 17.13 and a beta of 1.17. Stantec has a one year low of $21.44 and a one year high of $26.74. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.108 dividend. This represents a $0.43 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, June 27th. Stantec’s dividend payout ratio (DPR) is presently 31.43%.

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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