Zacks: Brokerages Anticipate Stantec Inc. (STN) to Announce $0.36 EPS
Analysts predict that Stantec Inc. (NYSE:STN) (TSE:STN) will report earnings of $0.36 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Stantec’s earnings, with estimates ranging from $0.29 to $0.43. Stantec posted earnings per share of $0.26 during the same quarter last year, which indicates a positive year-over-year growth rate of 38.5%. The company is expected to issue its next quarterly earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Stantec will report full year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.45 to $1.56. For the next financial year, analysts forecast that the firm will post earnings of $1.76 per share, with EPS estimates ranging from $1.48 to $1.98. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Stantec.
Several brokerages have weighed in on STN. Zacks Investment Research downgraded Stantec from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank Of Canada assumed coverage on Stantec in a report on Monday, October 23rd. They issued a “sector perform” rating and a $40.00 price objective on the stock. BidaskClub upgraded Stantec from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, TheStreet upgraded Stantec from a “c” rating to a “b-” rating in a report on Monday, August 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Stantec currently has an average rating of “Hold” and a consensus target price of $35.00.
Stantec (NYSE STN) opened at $27.00 on Wednesday. Stantec has a 12 month low of $22.25 and a 12 month high of $28.90. The company has a market capitalization of $3,070.00, a price-to-earnings ratio of 19.85 and a beta of 1.57. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.33.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be given a dividend of $0.098 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.39 dividend on an annualized basis and a yield of 1.45%. Stantec’s payout ratio is 50.63%.
Stantec announced that its board has approved a stock repurchase plan on Thursday, November 9th that allows the company to repurchase 2,280,000 shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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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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