Zacks: Analysts Anticipate Stantec Inc. (NYSE:STN) to Announce $0.45 Earnings Per Share

Wall Street brokerages expect Stantec Inc. (NYSE:STN) (TSE:STN) to announce earnings of $0.45 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Stantec’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.47. Stantec reported earnings per share of $0.34 during the same quarter last year, which indicates a positive year over year growth rate of 32.4%. The company is expected to announce its next earnings results on Thursday, November 14th.

According to Zacks, 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 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 calculations are an average based on a survey of sell-side research analysts that cover Stantec.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Thursday, May 9th. The business services provider reported $0.34 EPS 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 firm had revenue of $680.04 million during the quarter, compared to analysts’ expectations of $675.48 million.



A number of analysts have issued reports on the company. CIBC reaffirmed a “hold” rating on shares of Stantec in a report on Thursday, June 13th. Zacks Investment Research raised Stantec from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, July 30th. BMO Capital Markets reaffirmed a “buy” rating on shares of Stantec in a report on Thursday, June 13th. Finally, Raymond James reiterated a “neutral” rating and set a $35.00 target price on shares of Stantec in a research report on Monday, June 17th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.67.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of Stantec by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 143,711 shares of the business services provider’s stock worth $3,142,000 after buying an additional 5,008 shares during the period. Geode Capital Management LLC acquired a new stake in Stantec in the 4th quarter valued at $226,000. Barclays PLC increased its holdings in Stantec by 980.4% in the 4th quarter. Barclays PLC now owns 7,563 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 6,863 shares in the last quarter. Legal & General Group Plc increased its holdings in Stantec by 89.7% in the 4th quarter. Legal & General Group Plc now owns 55,142 shares of the business services provider’s stock valued at $1,207,000 after purchasing an additional 26,074 shares in the last quarter. Finally, Norges Bank acquired a new stake in Stantec in the 4th quarter valued at $33,961,000. Institutional investors and hedge funds own 66.00% of the company’s stock.

NYSE STN traded down $1.39 during trading on Tuesday, reaching $20.54. 26,480 shares of the company’s stock were exchanged, compared to its average volume of 14,332. The firm has a market cap of $2.55 billion, a PE ratio of 14.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a 50 day simple moving average of $24.01. Stantec has a 1 year low of $21.44 and a 1 year high of $26.74.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.11 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.14%. This is a boost from Stantec’s previous quarterly dividend of $0.11. Stantec’s dividend payout ratio is currently 30.71%.

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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