Q4 2017 EPS Estimates for Stantec Inc. Reduced by Analyst (STN)
Stantec Inc. (TSE:STN) (NYSE:STN) – Research analysts at Desjardins lowered their Q4 2017 EPS estimates for shares of Stantec in a report released on Thursday. Desjardins analyst B. Poirier now expects that the company will post earnings of $0.50 per share for the quarter, down from their prior forecast of $0.54. Desjardins has a “Buy” rating and a $39.00 price objective on the stock. Desjardins also issued estimates for Stantec’s FY2018 earnings at $2.28 EPS.
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STN has been the topic of a number of other research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$34.00 price objective on shares of Stantec in a report on Thursday, June 22nd. Raymond James Financial, Inc. lowered their price objective on Stantec from C$39.00 to C$35.00 and set an “outperform” rating on the stock in a report on Friday, May 12th. TD Securities lowered their price objective on Stantec from C$38.00 to C$36.00 and set a “hold” rating on the stock in a report on Friday, May 12th. Scotiabank set a C$40.00 price objective on Stantec and gave the company an “outperform” rating in a report on Thursday. Finally, CIBC lifted their price objective on Stantec from C$36.00 to C$37.00 in a report on Thursday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of C$36.13.
Shares of Stantec (TSE STN) opened at 33.81 on Monday. The stock has a market cap of $3.85 billion and a P/E ratio of 32.57. Stantec has a 1-year low of $28.74 and a 1-year high of $36.85. The firm’s 50-day moving average price is $32.27 and its 200 day moving average price is $33.51.
In other news, Director Donald James Lowry purchased 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average price of C$31.80 per share, with a total value of C$47,700.00. Also, Director Carl Frank Clayton sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of C$31.30, for a total value of C$313,000.00. In the last three months, insiders have bought 4,393 shares of company stock worth $139,371 and have sold 16,916 shares worth $533,825.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, September 28th.
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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