-$0.12 Earnings Per Share Expected for Student Transportation Inc (STB) This Quarter
Wall Street analysts expect that Student Transportation Inc (NASDAQ:STB) (TSE:STB) will report ($0.12) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Student Transportation’s earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.16). Student Transportation reported earnings of ($0.13) per share in the same quarter last year, which would indicate a positive year over year growth rate of 7.7%. The firm is scheduled to issue its next earnings results on Tuesday, November 14th.
On average, analysts expect that Student Transportation will report full-year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.12. For the next fiscal year, analysts expect that the business will report earnings of $0.16 per share, with EPS estimates ranging from $0.14 to $0.19. Zacks’ EPS averages are an average based on a survey of analysts that follow Student Transportation.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Student Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub downgraded Student Transportation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BMO Capital Markets lowered their price objective on Student Transportation from $8.25 to $7.60 and set a “market perform” rating for the company in a research note on Friday, September 22nd. National Bank Financial raised Student Transportation from a “sector perform” rating to an “outperform” rating in a research note on Thursday, September 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $6.50 price objective on shares of Student Transportation in a research note on Friday, September 22nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $6.84.
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Student Transportation (NASDAQ:STB) traded up 1.01% during midday trading on Tuesday, reaching $6.01. 177,561 shares of the company’s stock traded hands. Student Transportation has a 52-week low of $5.39 and a 52-week high of $6.21. The company has a market cap of $568.73 million, a P/E ratio of 85.86 and a beta of 0.74. The stock has a 50-day moving average of $5.97 and a 200 day moving average of $5.94.
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.0367 per share. This represents a $0.44 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date is Monday, October 30th. Student Transportation’s dividend payout ratio is presently 628.66%.
Several institutional investors have recently bought and sold shares of STB. Russell Investments Group Ltd. boosted its holdings in shares of Student Transportation by 14.0% during the 1st quarter. Russell Investments Group Ltd. now owns 100,680 shares of the transportation company’s stock worth $590,000 after buying an additional 12,367 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Student Transportation by 26.1% during the 1st 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 in the last quarter. UBS Group AG boosted its holdings in shares of Student Transportation by 2.7% during the 1st 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 in the last quarter. Morgan Stanley boosted its holdings in shares of Student Transportation by 0.8% during the 1st quarter. Morgan Stanley now owns 1,032,678 shares of the transportation company’s stock worth $6,052,000 after buying an additional 7,912 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Student Transportation by 10.1% during the 1st quarter. Renaissance Technologies LLC now owns 1,485,671 shares of the transportation company’s stock worth $8,706,000 after buying an additional 136,427 shares in the last quarter. Hedge funds and other institutional investors own 25.68% of the company’s stock.
About Student Transportation
Student Transportation Inc is a Canada-based company engaged in providing school bus transportation services in North America. The Company provides school bus and management services to public and private schools in North America and offers services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.
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