Wall Street brokerages expect that Stantec Inc. (NYSE:STN) (TSE:STN) will post sales of $692.86 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Stantec’s earnings. The highest sales estimate is $694.13 million and the lowest is $691.58 million. Stantec reported sales of $690.05 million in the same quarter last year, which indicates a positive year-over-year growth rate of 0.4%. The firm is scheduled to issue its next earnings results on Thursday, November 14th.
On average, analysts expect that Stantec will report full year sales of $2.75 billion for the current financial year, with estimates ranging from $2.73 billion to $2.78 billion. For the next fiscal year, analysts expect that the business will post sales of $2.87 billion, with estimates ranging from $2.81 billion to $2.94 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Stantec.
Several brokerages have recently commented on STN. CIBC restated a “hold” rating and set a $35.00 target price on shares of Stantec in a report on Friday, August 9th. Zacks Investment Research cut Stantec from a “buy” rating to a “hold” rating in a report on Wednesday. Raymond James restated a “hold” rating and set a $34.50 target price on shares of Stantec in a report on Friday, August 9th. Finally, BMO Capital Markets decreased their target price on Stantec from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $33.90.
Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Stantec by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 143,711 shares of the business services provider’s stock worth $3,142,000 after acquiring an additional 5,008 shares during the period. Geode Capital Management LLC purchased a new position in Stantec in the fourth quarter valued at approximately $226,000. Legal & General Group Plc raised its holdings in Stantec by 89.7% in the fourth quarter. Legal & General Group Plc now owns 55,142 shares of the business services provider’s stock valued at $1,207,000 after buying an additional 26,074 shares during the period. Norges Bank purchased a new position in Stantec in the fourth quarter valued at approximately $33,961,000. Finally, Beutel Goodman & Co Ltd. purchased a new position in Stantec in the first quarter valued at approximately $27,000. 65.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of STN stock traded down $0.08 during trading hours on Thursday, hitting $21.26. 13,251 shares of the company’s stock were exchanged, compared to its average volume of 15,310. The stock’s 50-day moving average is $23.62 and its 200-day moving average is $23.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 15.19 and a beta of 1.16. Stantec has a 52 week low of $20.22 and a 52 week high of $26.74.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Friday, September 27th. This is a positive change from Stantec’s previous quarterly dividend of $0.11. Stantec’s dividend payout ratio is 30.71%.
Stantec Company Profile
Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through three segments: Consulting Services Canada, Consulting Services United States, and Consulting Services Global.
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