Stantec (STN) Scheduled to Post Quarterly Earnings on Wednesday

Stantec (TSE:STN) (NYSE:STN) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$0.91 per share for the quarter.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.82 EPS for the quarter, missing the consensus estimate of C$0.86 by C($0.04). The company had revenue of C$1.24 billion during the quarter, compared to analyst estimates of C$1.22 billion. Stantec had a net margin of 6.54% and a return on equity of 13.14%.

Stantec Stock Up 1.9 %

STN stock opened at C$116.66 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.46 and a debt-to-equity ratio of 62.82. The company’s 50-day moving average price is C$112.49 and its 200 day moving average price is C$105.55. Stantec has a 52 week low of C$77.00 and a 52 week high of C$118.39. The company has a market cap of C$13.31 billion, a P/E ratio of 39.15, a P/E/G ratio of 1.46 and a beta of 0.87.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.21 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.72%. Stantec’s payout ratio is 28.19%.

Insider Buying and Selling at Stantec

In related news, Director Steve Marvin Fleck sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$116.02, for a total value of C$232,040.00. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STN. TD Securities lifted their price objective on Stantec from C$125.00 to C$130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. ATB Capital cut shares of Stantec from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$115.00 to C$120.00 in a research note on Friday, March 1st. Raymond James lifted their target price on shares of Stantec from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Royal Bank of Canada raised their price objective on shares of Stantec from C$121.00 to C$123.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, Scotiabank upped their target price on Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a research note on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$120.46.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.