$175.63 Million in Sales Expected for Student Transportation Inc (STB) This Quarter
Brokerages forecast that Student Transportation Inc (NASDAQ:STB) (TSE:STB) will post sales of $175.63 million for the current quarter, Zacks reports. Four analysts have provided estimates for Student Transportation’s earnings. The highest sales estimate is $180.3 million and the lowest is $170.2 million. Student Transportation posted sales of $166.19 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.7%. The firm is scheduled to issue its next earnings report on Wednesday, September 13th.
On average, analysts expect that Student Transportation will report full-year sales of $175.63 million for the current financial year, with estimates ranging from $632.2 million to $647.6 million. For the next fiscal year, analysts anticipate that the company will post sales of $681.22 million per share, with estimates ranging from $671.2 million to $696.2 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Student Transportation.
Student Transportation (NASDAQ:STB) last posted its quarterly earnings results on Wednesday, May 10th. The transportation company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. The company had revenue of $185.20 million for the quarter, compared to the consensus estimate of $182.02 million. Student Transportation had a net margin of 0.71% and a return on equity of 3.51%. Student Transportation’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 earnings per share.
Separately, Zacks Investment Research upgraded shares of Student Transportation from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research note on Saturday, February 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $6.88.
Student Transportation (NASDAQ:STB) opened at 5.88 on Friday. Student Transportation has a 1-year low of $4.66 and a 1-year high of $6.13. The firm’s 50-day moving average is $5.89 and its 200-day moving average is $5.70. The stock has a market cap of $547.60 million, a P/E ratio of 69.18 and a beta of 0.74.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a $0.0367 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date is Thursday, July 27th. Student Transportation’s dividend payout ratio (DPR) is presently 880.00%.
Hedge funds have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. raised its position in Student Transportation by 55.5% in the third quarter. UBS Asset Management Americas Inc. now owns 76,535 shares of the transportation company’s stock worth $457,000 after buying an additional 27,331 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Student Transportation during the fourth quarter worth approximately $488,000. Hodges Capital Management Inc. raised its position in Student Transportation by 8.1% in the fourth quarter. Hodges Capital Management Inc. now owns 400,800 shares of the transportation company’s stock worth $2,240,000 after buying an additional 30,000 shares in the last quarter. Trexquant Investment LP purchased a new position in Student Transportation during the fourth quarter worth approximately $119,000. Finally, Renaissance Technologies LLC raised its position in Student Transportation by 14.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,349,244 shares of the transportation company’s stock worth $7,542,000 after buying an additional 169,100 shares in the last quarter. Hedge funds and other institutional investors own 22.91% of the company’s stock.
About Student Transportation
Student Transportation Inc is engaged in providing school bus transportation services in North America. The Company operates through two segments: transportation, and oil and gas. The transportation segment provides school bus and management services to public and private schools in North America. The oil and gas segment represents the Company’s investments as a non-operator in oil and gas interests.
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