FY2018 EPS Estimates for Stantec Boosted by Analyst (STN)

Stantec (TSE:STN) (NYSE:STN) – Stock analysts at KeyCorp upped their FY2018 earnings per share (EPS) estimates for Stantec in a research note issued on Tuesday, May 15th. KeyCorp analyst T. Afzal now anticipates that the company will post earnings per share of $2.05 for the year, up from their prior forecast of $2.01.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.46 by C($0.14). The firm had revenue of C$805.00 million for the quarter, compared to analysts’ expectations of C$861.63 million. Stantec had a net margin of 1.40% and a return on equity of 2.39%.

A number of other analysts also recently commented on STN. Laurentian lowered their target price on Stantec from C$36.50 to C$34.50 in a research note on Friday, February 23rd. Desjardins lowered their target price on Stantec from C$43.00 to C$39.00 in a research note on Friday, February 23rd. CIBC lowered their target price on Stantec from C$39.00 to C$36.00 in a research note on Friday, February 23rd. Canaccord Genuity lowered their target price on Stantec from C$36.00 to C$31.00 in a research note on Friday, February 23rd. Finally, Royal Bank of Canada lowered their target price on Stantec from C$40.00 to C$36.00 and set a “sector perform” rating on the stock in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Stantec has a consensus rating of “Buy” and a consensus price target of C$36.83.

Stantec opened at C$32.91 on Friday, Marketbeat.com reports. Stantec has a fifty-two week low of C$30.24 and a fifty-two week high of C$37.13.

In other Stantec news, Director Valentino Dimanno purchased 1,552 shares of the stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of C$32.20 per share, for a total transaction of C$49,974.40. Also, Director Scott Lynn Murray purchased 4,000 shares of the stock in a transaction on Friday, March 2nd. The shares were acquired at an average price of C$25.15 per share, for a total transaction of C$100,600.00. Insiders have acquired 6,437 shares of company stock worth $175,332 in the last quarter.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Shareholders of record on Friday, June 29th will be given a dividend of $0.138 per share. The ex-dividend date is Thursday, June 28th. This represents a $0.55 dividend on an annualized basis and a yield of 1.68%.

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 four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.

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