Student Transportation Inc -shares (STB) Releases Quarterly Earnings, Beats Expectations By $0.02 EPS
Student Transportation Inc -shares (NYSE:STB) issued its quarterly earnings data on Tuesday. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.02, Analyst Ratings Network reports. The company had revenue of $122.30 million for the quarter, compared to the consensus estimate of $124.10 million.
A number of research firms have recently commented on STB. Analysts at Zacks upgraded shares of Student Transportation Inc -shares (NYSE:STB) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, August 9th. They now have a $6.60 price target on the stock.
Four equities research analysts have rated the stock with a hold rating, Student Transportation Inc -shares currently has a consensus rating of “Hold” and a consensus price target of $6.87.
Student Transportation Inc -shares (NYSE:STB) opened at 6.37 on Tuesday. Student Transportation Inc -shares has a 52 week low of $5.75 and a 52 week high of $7.12. The stock has a 50-day moving average of $6.41 and a 200-day moving average of $6.35. The company has a market cap of $516.0 million and a P/E ratio of 146.74.
The company also recently declared a monthly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Wednesday, October 30th will be given a dividend of $0.04 per share. This represents a $0.53 dividend on an annualized basis and a yield of 8.32%. The ex-dividend date of this dividend is Monday, October 28th.
Student Transportation Inc (NYSE:STB) is a provider of school bus transportation services in North America, conducting operations through wholly owned operating subsidiaries.
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