Wall Street brokerages expect that SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) will report sales of $711.49 million for the current quarter, Zacks reports. Three analysts have made estimates for SPDR MSCI Europe Energy UCITS ETF’s earnings, with the highest sales estimate coming in at $723.70 million and the lowest estimate coming in at $695.90 million. SPDR MSCI Europe Energy UCITS ETF reported sales of $668.92 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.4%. The company is expected to report its next earnings results on Thursday, November 9th.

On average, analysts expect that SPDR MSCI Europe Energy UCITS ETF will report full year sales of $711.49 million for the current year, with estimates ranging from $2.77 billion to $2.84 billion. For the next financial year, analysts forecast that the company will report sales of $3.06 billion per share, with estimates ranging from $2.86 billion to $3.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for SPDR MSCI Europe Energy UCITS ETF.

SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. SPDR MSCI Europe Energy UCITS ETF had a net margin of 2.31% and a return on equity of 10.67%. The company had revenue of $891.49 million during the quarter, compared to the consensus estimate of $902.78 million. During the same period in the prior year, the business posted $0.37 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis.

A number of research analysts have recently issued reports on STN shares. Zacks Investment Research cut shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 26th. Desjardins upgraded shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “buy” rating in a report on Friday, May 12th. Finally, BidaskClub upgraded shares of SPDR MSCI Europe Energy UCITS ETF from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $32.20.

SPDR MSCI Europe Energy UCITS ETF (STN) opened at 26.555 on Wednesday. SPDR MSCI Europe Energy UCITS ETF has a 1-year low of $21.50 and a 1-year high of $28.05. The stock’s 50 day moving average is $25.40 and its 200-day moving average is $25.33. The firm has a market capitalization of $3.02 billion, a P/E ratio of 32.110 and a beta of 1.62.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, September 28th. This is a boost from SPDR MSCI Europe Energy UCITS ETF’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.51%. SPDR MSCI Europe Energy UCITS ETF’s payout ratio is 47.44%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STN. FMR LLC boosted its position in SPDR MSCI Europe Energy UCITS ETF by 44.2% in the first quarter. FMR LLC now owns 6,965,250 shares of the business services provider’s stock valued at $180,751,000 after buying an additional 2,136,100 shares during the period. Vanguard Group Inc. boosted its position in SPDR MSCI Europe Energy UCITS ETF by 5.8% in the first quarter. Vanguard Group Inc. now owns 2,039,743 shares of the business services provider’s stock valued at $52,830,000 after buying an additional 111,310 shares during the period. Grandeur Peak Global Advisors LLC boosted its position in SPDR MSCI Europe Energy UCITS ETF by 3.9% in the first quarter. Grandeur Peak Global Advisors LLC now owns 1,510,635 shares of the business services provider’s stock valued at $39,147,000 after buying an additional 57,400 shares during the period. Van Berkom & Associates Inc. boosted its position in SPDR MSCI Europe Energy UCITS ETF by 1.0% in the first quarter. Van Berkom & Associates Inc. now owns 1,291,416 shares of the business services provider’s stock valued at $33,454,000 after buying an additional 13,350 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in SPDR MSCI Europe Energy UCITS ETF by 18.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 956,715 shares of the business services provider’s stock valued at $24,779,000 after buying an additional 151,257 shares during the period. Institutional investors and hedge funds own 57.30% of the company’s stock.

About SPDR MSCI Europe Energy UCITS ETF

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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Earnings History and Estimates for SPDR MSCI Europe Energy UCITS ETF (NYSE:STN)

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