Stantec Inc. (STN) to Post FY2017 Earnings of $1.41 Per Share, Raymond James Financial Forecasts
Stantec Inc. (NYSE:STN) – Analysts at Raymond James Financial cut their FY2017 earnings per share estimates for Stantec in a research note issued on Friday. Raymond James Financial analyst B. Cherniavsky now forecasts that the firm will post earnings of $1.41 per share for the year, down from their prior estimate of $1.42.
Stantec (NYSE:STN) last posted its earnings results on Thursday, November 10th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The firm earned $1.26 million during the quarter, compared to the consensus estimate of $918.11 million. Stantec had a return on equity of 10.28% and a net margin of 3.34%. The firm’s quarterly revenue was up 40.7% compared to the same quarter last year.
A number of other research firms also recently commented on STN. RBC Capital Markets reaffirmed a “sector perform” rating and set a $36.00 target price (up previously from $32.00) on shares of Stantec in a report on Friday. Canaccord Genuity set a $33.00 target price on Stantec and gave the stock a “hold” rating in a report on Saturday. Scotiabank downgraded Stantec from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $36.00 to $34.00 in a report on Friday, August 5th. National Bank Financial raised Stantec from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 17th. Finally, TD Securities reaffirmed a “hold” rating and set a $35.00 target price (down previously from $37.00) on shares of Stantec in a report on Wednesday, August 10th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $32.78.
Stantec (NYSE:STN) opened at 25.20 on Monday. Stantec has a 52-week low of $20.71 and a 52-week high of $26.87. The stock’s 50 day moving average price is $23.07 and its 200-day moving average price is $24.26. The company has a market capitalization of $2.87 billion, a P/E ratio of 25.93 and a beta of 1.46.
Several hedge funds have recently bought and sold shares of the stock. Invictus RG acquired a new stake in Stantec during the first quarter worth approximately $132,000. Tower Research Capital LLC TRC boosted its stake in shares of Stantec by 310.9% in the third quarter. Tower Research Capital LLC TRC now owns 6,571 shares of the company’s stock valued at $154,000 after buying an additional 4,972 shares during the last quarter. AXA boosted its stake in shares of Stantec by 3.8% in the second quarter. AXA now owns 8,100 shares of the company’s stock valued at $195,000 after buying an additional 300 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Stantec during the second quarter valued at approximately $205,000. Finally, Aperio Group LLC boosted its stake in shares of Stantec by 2.2% in the third quarter. Aperio Group LLC now owns 10,136 shares of the company’s stock valued at $238,000 after buying an additional 219 shares during the last quarter. Institutional investors and hedge funds own 52.05% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Friday, December 30th will be given a $0.0842 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Wednesday, December 28th. Stantec’s dividend payout ratio (DPR) is presently 37.36%.
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 segment is Consulting Services. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.
Receive News & Stock Ratings for Stantec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec Inc. and related stocks with our FREE daily email newsletter.