Stantec (STN) Set to Announce Quarterly Earnings on Thursday

Stantec (NYSE:STN) (TSE:STN) is scheduled to be announcing its earnings results before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.36 per share for the quarter.

Stantec (NYSE:STN) opened at $28.10 on Thursday. The stock has a market cap of $3,173.37, a PE ratio of 36.49 and a beta of 1.59. Stantec has a one year low of $22.25 and a one year high of $29.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.45 and a quick ratio of 1.45.

Stantec declared that its Board of Directors has initiated a share buyback program on Thursday, November 9th that permits the company to repurchase 2,280,000 outstanding shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

A number of equities analysts recently issued reports on STN shares. Zacks Investment Research cut shares of Stantec from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada started coverage on shares of Stantec in a research note on Monday, October 23rd. They issued a “sector perform” rating and a $40.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.

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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.

Earnings History for Stantec (NYSE:STN)

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