Zacks: Brokerages Expect Stantec Inc. (STN) Will Post Earnings of $0.36 Per Share

Analysts expect Stantec Inc. (NYSE:STN) (TSE:STN) to post earnings per share of $0.36 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Stantec’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.29. Stantec reported earnings per share of $0.26 during the same quarter last year, which would indicate a positive year over year growth rate of 38.5%. The company is expected to announce its next earnings report before the market opens on Thursday, February 22nd.

According to Zacks, analysts expect that Stantec will report full-year earnings of $1.51 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.56. For the next fiscal year, analysts anticipate that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.48 to $1.98. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Stantec.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Thursday, November 9th. The business services provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The business had revenue of $680.33 million during the quarter, compared to analysts’ expectations of $713.99 million. Stantec had a net margin of 2.24% and a return on equity of 10.69%.

Several equities analysts recently commented on the company. Zacks Investment Research raised Stantec from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 31st. 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 target price on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Stantec presently has an average rating of “Hold” and a consensus target price of $35.00.

Stantec (NYSE STN) opened at $27.70 on Monday. The company has a market capitalization of $3,156.28, a price-to-earnings ratio of 35.97 and a beta of 1.59. 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 has a twelve month low of $22.25 and a twelve month high of $29.25.

Stantec declared that its board has approved a stock repurchase plan on Thursday, November 9th that allows the company to repurchase 2,280,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of large investors have recently bought and sold shares of the stock. K.J. Harrison & Partners Inc increased its holdings in Stantec by 6.3% in the third quarter. K.J. Harrison & Partners Inc now owns 45,800 shares of the business services provider’s stock valued at $1,268,000 after buying an additional 2,700 shares during the last quarter. Swiss National Bank grew its holdings in shares of Stantec by 1.6% during the third quarter. Swiss National Bank now owns 193,670 shares of the business services provider’s stock worth $5,377,000 after purchasing an additional 3,100 shares during the last quarter. Global X Management Co. LLC grew its holdings in shares of Stantec by 75.3% during the fourth quarter. Global X Management Co. LLC now owns 7,951 shares of the business services provider’s stock worth $222,000 after purchasing an additional 3,416 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Stantec by 51.3% during the third quarter. Legal & General Group Plc now owns 21,754 shares of the business services provider’s stock worth $602,000 after purchasing an additional 7,380 shares during the last quarter. Finally, ARP Americas LP purchased a new position in shares of Stantec during the fourth quarter worth about $247,000. 54.12% of the stock is currently owned by hedge funds and other institutional investors.

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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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