Stantec (NYSE:STN) (TSE:STN) – Research analysts at KeyCorp boosted their FY2018 earnings estimates for shares of Stantec in a note issued to investors on Tuesday, May 15th. KeyCorp analyst T. Afzal now anticipates that the business services provider will post earnings of $1.60 per share for the year, up from their previous estimate of $1.57.
Several other brokerages also recently commented on STN. TheStreet downgraded Stantec from a “b” rating to a “c+” rating in a research report on Monday, February 26th. National Bank Financial downgraded Stantec from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Thursday, February 22nd. Zacks Investment Research upgraded Stantec from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, CIBC upgraded Stantec from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, April 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $35.00.
Shares of Stantec stock opened at $25.65 on Friday. Stantec has a 52 week low of $25.35 and a 52 week high of $25.35. The stock has a market capitalization of $2.94 billion, a PE ratio of 18.60 and a beta of 1.61. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.37.
Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings data on Thursday, May 10th. The business services provider reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). Stantec had a net margin of 3.67% and a return on equity of 10.74%. The business had revenue of $693.67 million during the quarter, compared to analysts’ expectations of $695.73 million.
Several large investors have recently bought and sold shares of the stock. Global X Management Co. LLC lifted its position in shares of Stantec by 75.3% in the fourth quarter. Global X Management Co. LLC now owns 7,951 shares of the business services provider’s stock worth $222,000 after buying an additional 3,416 shares in the last quarter. ARP Americas LP purchased a new stake in shares of Stantec in the fourth quarter worth about $247,000. Dimensional Fund Advisors LP lifted its position in shares of Stantec by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 137,407 shares of the business services provider’s stock worth $3,387,000 after buying an additional 9,499 shares in the last quarter. Sentry Investments Corp. lifted its position in shares of Stantec by 0.9% in the first quarter. Sentry Investments Corp. now owns 1,231,100 shares of the business services provider’s stock worth $39,137,000 after buying an additional 10,600 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Stantec in the first quarter worth about $271,000. Institutional investors own 55.48% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Friday, June 29th will be given a $0.107 dividend. The ex-dividend date is Thursday, June 28th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.67%. Stantec’s dividend payout ratio is currently 31.62%.
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.
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