Student Transportation Inc (STB) Expected to Announce Quarterly Sales of $170.90 Million
Wall Street analysts predict that Student Transportation Inc (NASDAQ:STB) (TSE:STB) will post $170.90 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Student Transportation’s earnings. The lowest sales estimate is $167.70 million and the highest is $176.20 million. Student Transportation posted sales of $166.19 million during the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The company is scheduled to announce its next quarterly earnings results on Wednesday, September 13th.
On average, analysts expect that Student Transportation will report full year sales of $170.90 million for the current year, with estimates ranging from $632.20 million to $640.70 million. For the next financial year, analysts expect that the business will post sales of $671.37 million per share, with estimates ranging from $661.80 million to $679.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Student Transportation.
Student Transportation (NASDAQ:STB) (TSE:STB) last posted its quarterly earnings results on Wednesday, May 10th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $185.20 million for the quarter, compared to analyst estimates of $182.02 million. Student Transportation had a net margin of 0.71% and a return on equity of 3.51%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share.
A number of research firms recently weighed in on STB. Zacks Investment Research lowered shares of Student Transportation from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 18th. National Bank Financial lowered shares of Student Transportation from an “outperform” rating to a “sector perform” rating in a report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Student Transportation presently has an average rating of “Hold” and an average target price of $6.88.
Shares of Student Transportation (NASDAQ STB) opened at 5.81 on Friday. The company has a market cap of $549.23 million, a price-to-earnings ratio of 75.45 and a beta of 0.74. The company’s 50-day moving average is $5.91 and its 200-day moving average is $5.73. Student Transportation has a 12-month low of $4.89 and a 12-month high of $6.13.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $0.0367 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date of this dividend is Thursday, July 27th. Student Transportation’s dividend payout ratio (DPR) is presently 880.00%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Trexquant Investment LP acquired a new position in Student Transportation during the fourth quarter worth $119,000. Stifel Financial Corp raised its position in Student Transportation by 26.1% in the first quarter. Stifel Financial Corp now owns 46,606 shares of the transportation company’s stock worth $274,000 after buying an additional 9,651 shares during the period. EJF Capital LLC acquired a new position in Student Transportation during the first quarter worth $292,000. UBS Group AG raised its position in Student Transportation by 2.7% in the first quarter. UBS Group AG now owns 51,403 shares of the transportation company’s stock worth $301,000 after buying an additional 1,355 shares during the period. Finally, Geode Capital Management LLC raised its position in Student Transportation by 26.1% in the first quarter. Geode Capital Management LLC now owns 58,038 shares of the transportation company’s stock worth $339,000 after buying an additional 11,995 shares during the period. 22.91% of the stock is owned by hedge funds and other institutional investors.
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Student Transportation Company Profile
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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