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.

Several institutional investors and hedge funds have recently bought and sold shares of STN. Trexquant Investment LP acquired a new stake in shares of Stantec in the 3rd quarter valued at approximately $272,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Stantec in the 3rd quarter valued at approximately $313,000. OxFORD Asset Management LLP acquired a new stake in shares of Stantec in the 3rd quarter valued at approximately $364,000. Highstreet Asset Management Inc. purchased a new position in Stantec in the 3rd quarter valued at approximately $442,000. Finally, Schroder Investment Management Group increased its stake in Stantec by 228.0% in the 3rd quarter. Schroder Investment Management Group now owns 16,400 shares of the business services provider’s stock valued at $568,000 after purchasing an additional 11,400 shares in the last quarter. 54.37% of the stock is owned by institutional investors and hedge funds.

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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About Stantec

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 Stantec (NYSE:STN)

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