Student Transportation Inc. (STB) to Issue Monthly Dividend of $0.04
Student Transportation Inc. (NASDAQ:STB) declared a monthly dividend on Friday, November 11th. Investors of record on Tuesday, February 28th will be paid a dividend of 0.0367 per share on Wednesday, March 15th. This represents a $0.44 annualized dividend and a yield of 7.75%. The ex-dividend date of this dividend is Friday, February 24th.
Student Transportation (NASDAQ:STB) opened at 5.68 on Monday. The company’s 50-day moving average price is $5.88 and its 200 day moving average price is $5.38. The stock has a market capitalization of $522.01 million, a PE ratio of 94.67 and a beta of 0.76. Student Transportation has a 12 month low of $3.02 and a 12 month high of $6.08.
Student Transportation (NASDAQ:STB) last issued its quarterly earnings results on Tuesday, November 8th. The company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. Student Transportation had a return on equity of 3.52% and a net margin of 0.63%. The company had revenue of $102.18 million for the quarter, compared to analysts’ expectations of $101.30 million. During the same quarter last year, the company earned ($0.10) EPS. Student Transportation’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts forecast that Student Transportation will post $0.09 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the company. BMO Capital Markets restated a “hold” rating on shares of Student Transportation in a report on Sunday, September 18th. Zacks Investment Research downgraded Student Transportation from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Barrington Research increased their price objective on Student Transportation from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Thursday, September 15th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $6.75 price objective (up previously from $6.50) on shares of Student Transportation in a report on Sunday, August 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Student Transportation presently has a consensus rating of “Hold” and a consensus target price of $7.17.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in STB. Scotia Capital Inc. boosted its stake in shares of Student Transportation by 2.7% in the second quarter. Scotia Capital Inc. now owns 595,224 shares of the company’s stock worth $3,046,000 after buying an additional 15,371 shares during the period. Morgan Stanley boosted its stake in shares of Student Transportation by 154.8% in the third quarter. Morgan Stanley now owns 383,205 shares of the company’s stock worth $2,295,000 after buying an additional 232,828 shares during the period. Guardian Capital LP purchased a new stake in shares of Student Transportation during the second quarter worth about $1,404,000. Spark Investment Management LLC purchased a new stake in shares of Student Transportation during the second quarter worth about $1,222,000. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Student Transportation during the third quarter worth about $437,000. Institutional investors and hedge funds own 21.14% of the company’s stock.
Student Transportation Company Profile
Receive News & Stock Ratings for Student Transportation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Student Transportation Inc. and related stocks with our FREE daily email newsletter.