$668.00 Million in Sales Expected for Stantec Inc. (STN) This Quarter

Equities research analysts expect Stantec Inc. (NYSE:STN) (TSE:STN) to report sales of $668.00 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Stantec’s earnings, with the highest sales estimate coming in at $686.04 million and the lowest estimate coming in at $658.36 million. Stantec reported sales of $614.47 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.7%. The business is expected to issue its next quarterly earnings results before the market opens on Thursday, February 22nd.

On average, analysts expect that Stantec will report full-year sales of $668.00 million for the current fiscal year, with estimates ranging from $2.70 billion to $2.75 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.95 billion per share, with estimates ranging from $2.83 billion to $3.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Stantec.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). Stantec had a return on equity of 10.69% and a net margin of 2.24%.

STN has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Stantec from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank of Canada began coverage on shares of Stantec in a report on Monday, October 23rd. They issued a “sector perform” rating and a $40.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $35.00.

Large investors have recently made changes to their positions in the business. Guardian Capital LP boosted its holdings in Stantec by 10.0% in the 3rd quarter. Guardian Capital LP now owns 3,637,776 shares of the business services provider’s stock valued at $100,696,000 after purchasing an additional 329,933 shares during the period. Russell Investments Group Ltd. boosted its holdings in Stantec by 18.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 383,258 shares of the business services provider’s stock valued at $10,609,000 after purchasing an additional 58,704 shares during the period. Schroder Investment Management Group boosted its holdings 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 during the period. Magnetar Financial LLC bought a new position in Stantec in the 3rd quarter valued at $1,191,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Stantec in the 3rd quarter valued at $313,000. 54.50% of the stock is owned by hedge funds and other institutional investors.

Stantec (NYSE:STN) opened at $28.35 on Friday. The company has a market cap of $3,240.00, a P/E ratio of 34.57 and a beta of 1.58. Stantec has a fifty-two week low of $22.25 and a fifty-two week high of $29.00. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.33.

Stantec declared that its Board of Directors has approved a stock buyback plan on Thursday, November 9th that permits the company to repurchase 2,280,000 shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were issued a $0.098 dividend. This represents a $0.39 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, December 28th. Stantec’s payout ratio is 48.78%.

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Stantec Company Profile

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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