Student Transportation Inc (STB) Forecasted to Post Q3 2018 Earnings of $0.06 Per Share

Student Transportation Inc (NASDAQ:STB) (TSE:STB) – Research analysts at National Bank Financial decreased their Q3 2018 EPS estimates for Student Transportation in a research note issued on Sunday. National Bank Financial analyst G. Colman now anticipates that the transportation company will post earnings per share of $0.06 for the quarter, down from their previous estimate of $0.07. National Bank Financial also issued estimates for Student Transportation’s Q4 2018 earnings at $0.06 EPS.

Several other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Student Transportation from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub lowered shares of Student Transportation from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.12.

Shares of Student Transportation (STB) opened at $5.98 on Tuesday. The firm has a market cap of $549.37, a price-to-earnings ratio of 23.00 and a beta of 0.62. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.91 and a quick ratio of 1.83. Student Transportation has a one year low of $5.42 and a one year high of $6.28.

The firm also recently declared a monthly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.0367 per share. The ex-dividend date is Wednesday, May 30th. This represents a $0.44 dividend on an annualized basis and a yield of 7.36%. Student Transportation’s dividend payout ratio (DPR) is presently 169.24%.

Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in Student Transportation during the 4th quarter worth $102,000. Global X Management Co. LLC boosted its holdings in Student Transportation by 88.2% during the 4th quarter. Global X Management Co. LLC now owns 2,806,497 shares of the transportation company’s stock worth $17,281,000 after acquiring an additional 1,314,957 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Student Transportation by 2,057.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,343,826 shares of the transportation company’s stock worth $8,251,000 after acquiring an additional 1,281,548 shares during the last quarter. WealthTrust Axiom LLC boosted its holdings in Student Transportation by 1.3% during the 4th quarter. WealthTrust Axiom LLC now owns 939,855 shares of the transportation company’s stock worth $5,770,000 after acquiring an additional 12,253 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its holdings in Student Transportation by 0.8% during the 4th quarter. CIBC World Markets Inc. now owns 1,305,670 shares of the transportation company’s stock worth $8,017,000 after acquiring an additional 10,204 shares during the last quarter. Institutional investors and hedge funds own 25.14% of the company’s stock.

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About Student Transportation

Student Transportation Inc is a Canada-based company engaged in providing school bus transportation services in North America. The Company provides school bus and management services to public and private schools in North America and offers services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.

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