Analysts Anticipate Stantec Inc. (STN) Will Announce Quarterly Sales of $721.22 Million
Wall Street analysts forecast that Stantec Inc. (NYSE:STN) (TSE:STN) will announce sales of $721.22 million for the current quarter, according to Zacks. Four analysts have made estimates for Stantec’s earnings, with the highest sales estimate coming in at $750.40 million and the lowest estimate coming in at $695.90 million. Stantec reported sales of $668.92 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.8%. The company is scheduled to announce its next earnings results on Thursday, November 9th.
According to Zacks, analysts expect that Stantec will report full-year sales of $721.22 million for the current financial year, with estimates ranging from $2.77 billion to $2.87 billion. For the next year, analysts expect that the firm will report sales of $3.07 billion per share, with estimates ranging from $2.86 billion to $3.33 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Stantec.
Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The business had revenue of $891.49 million during the quarter, compared to analysts’ expectations of $902.78 million. Stantec had a net margin of 2.31% and a return on equity of 10.67%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 EPS.
Several research analysts have commented on the stock. BidaskClub raised shares of Stantec from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. TheStreet raised shares of Stantec from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Finally, Zacks Investment Research raised shares of Stantec from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, August 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.20.
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Shares of Stantec (NYSE:STN) opened at 28.20 on Wednesday. Stantec has a 12 month low of $21.50 and a 12 month high of $28.55. The stock has a market cap of $3.21 billion, a PE ratio of 33.02 and a beta of 1.57. The firm’s 50-day moving average is $27.83 and its 200 day moving average is $25.69.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.41%. This is a positive change from Stantec’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, September 28th. Stantec’s payout ratio is presently 51.28%.
Several institutional investors and hedge funds have recently modified their holdings of STN. Bank of New York Mellon Corp boosted its stake in shares of Stantec by 17.4% during the first quarter. Bank of New York Mellon Corp now owns 15,488 shares of the business services provider’s stock valued at $401,000 after purchasing an additional 2,300 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Stantec during the first quarter valued at $248,000. State of Wisconsin Investment Board purchased a new stake in shares of Stantec during the first quarter valued at $342,000. FMR LLC boosted its stake in shares of Stantec by 44.2% during the first quarter. FMR LLC now owns 6,965,250 shares of the business services provider’s stock valued at $180,751,000 after purchasing an additional 2,136,100 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Stantec by 18.8% during 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 purchasing an additional 151,257 shares during the period. 56.98% of the stock is owned by hedge funds and other institutional investors.
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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