Snc-Lavalin Group Inc (SNC) to Post Q3 2017 Earnings of $0.58 Per Share, Desjardins Forecasts
Snc-Lavalin Group Inc (TSE:SNC) – Desjardins reduced their Q3 2017 EPS estimates for shares of Snc-Lavalin Group in a note issued to investors on Friday. Desjardins analyst B. Poirier now expects that the company will earn $0.58 per share for the quarter, down from their prior estimate of $0.59. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Snc-Lavalin Group’s FY2017 earnings at $2.04 EPS.
SNC has been the subject of a number of other reports. Scotiabank raised their target price on Snc-Lavalin Group from C$67.00 to C$68.00 and gave the company an “outperform” rating in a report on Friday, April 28th. BMO Capital Markets restated an “outperform” rating and set a C$66.00 target price on shares of Snc-Lavalin Group in a report on Friday, April 28th. TD Securities restated an “action list buy” rating and set a C$73.00 target price on shares of Snc-Lavalin Group in a report on Friday, May 5th. Canaccord Genuity raised their target price on Snc-Lavalin Group from C$64.00 to C$76.00 and gave the company a “buy” rating in a report on Tuesday, July 4th. Finally, CIBC set a C$67.00 target price on Snc-Lavalin Group and gave the company an “outperform” rating in a report on Monday, July 10th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$68.44.
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Snc-Lavalin Group (TSE SNC) opened at 53.60 on Monday. The firm has a 50-day moving average of $55.61 and a 200-day moving average of $54.62. Snc-Lavalin Group has a 1-year low of $50.27 and a 1-year high of $59.63. The stock has a market cap of $8.06 billion and a PE ratio of 36.09.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 31st will be paid a $0.273 dividend. This represents a $1.09 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, August 15th.
In other news, insider Chantal Sorel sold 1,200 shares of Snc-Lavalin Group stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of C$53.42, for a total value of C$64,104.00. Also, insider Hartland Paterson acquired 2,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was bought at an average price of C$52.50 per share, with a total value of C$105,000.00.
Snc-Lavalin Group Company Profile
SNC-Lavalin Group Inc provides engineering and construction, and operations and maintenance services worldwide. The company operates through Mining & Metallurgy, Oil & Gas, Power, Infrastructure, and Capital segments. The Mining & Metallurgy segment offers a range of solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.
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