Brokers Set Expectations for Stantec Inc.’s FY2017 Earnings (STN)
Stantec Inc. (NYSE:STN) (TSE:STN) – Equities research analysts at KeyCorp boosted their FY2017 EPS estimates for Stantec in a report issued on Monday. KeyCorp analyst T. Afzal now forecasts that the business services provider will post earnings of $1.41 per share for the year, up from their previous forecast of $1.32.
Other equities research analysts have also recently issued research reports about the stock. Desjardins upgraded shares of Stantec from a “hold” rating to a “buy” rating in a report on Friday, May 12th. Zacks Investment Research upgraded shares of Stantec from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, February 28th. Scotiabank upgraded shares of Stantec from a “sector perform” rating to an “outperform” rating in a report on Friday, February 24th. Finally, TheStreet cut shares of Stantec from a “b-” rating to a “c+” rating in a report on Thursday, March 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $32.67.
Stantec (NYSE:STN) traded down 0.67% during trading on Thursday, hitting $22.30. 3,131 shares of the company’s stock traded hands. The stock has a market cap of $2.55 billion, a P/E ratio of 81.09 and a beta of 1.57. The company’s 50 day moving average is $25.36 and its 200-day moving average is $25.77. Stantec has a 12 month low of $21.50 and a 12 month high of $28.05.
Stantec (NYSE:STN) last posted its earnings results on Thursday, February 23rd. The business services provider reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.06. Stantec had a return on equity of 10.28% and a net margin of 3.34%. The firm had revenue of $820.20 million for the quarter, compared to the consensus estimate of $643.53 million. Stantec’s quarterly revenue was up 44.6% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lowe Brockenbrough & Co. Inc. increased its position in shares of Stantec by 4.7% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 9,940 shares of the business services provider’s stock worth $257,000 after buying an additional 450 shares during the period. Swiss National Bank increased its position in shares of Stantec by 1.0% in the first quarter. Swiss National Bank now owns 190,570 shares of the business services provider’s stock worth $4,945,000 after buying an additional 1,800 shares during the period. Bank of New York Mellon Corp increased its position in shares of Stantec by 17.4% in the first quarter. Bank of New York Mellon Corp now owns 15,488 shares of the business services provider’s stock worth $401,000 after buying an additional 2,300 shares during the period. Cardinal Capital Management Inc. increased its position in shares of Stantec by 28.9% in the first quarter. Cardinal Capital Management Inc. now owns 12,500 shares of the business services provider’s stock worth $324,000 after buying an additional 2,800 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Stantec by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 102,219 shares of the business services provider’s stock worth $2,653,000 after buying an additional 5,114 shares during the period. Institutional investors own 54.29% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. Investors of record on Friday, June 30th will be given a dividend of $0.0913 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.37 dividend on an annualized basis and a yield of 1.63%. Stantec’s dividend payout ratio (DPR) is 36.26%.
Stantec Company Profile
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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