FY2016 EPS Estimates for Stantec Inc. Reduced by DA Davidson (STN)
Stantec Inc. (NYSE:STN) – Equities research analysts at DA Davidson cut their FY2016 earnings per share estimates for shares of Stantec in a report released on Friday. DA Davidson analyst J. Rogers now anticipates that the firm will earn $1.29 per share for the year, down from their prior forecast of $1.33. DA Davidson has a “Hold” rating and a $25.00 price target on the stock. DA Davidson also issued estimates for Stantec’s Q4 2016 earnings at $0.31 EPS, Q1 2017 earnings at $0.39 EPS, Q2 2017 earnings at $0.41 EPS, Q3 2017 earnings at $0.51 EPS, Q4 2017 earnings at $0.38 EPS, FY2017 earnings at $1.69 EPS and FY2018 earnings at $2.01 EPS.
Stantec (NYSE:STN) last posted its quarterly earnings results on Thursday, November 10th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.07. The business earned $1.26 million during the quarter, compared to the consensus estimate of $918.11 million. Stantec had a net margin of 3.34% and a return on equity of 10.28%. Stantec’s quarterly revenue was up 40.7% compared to the same quarter last year.
STN has been the subject of a number of other reports. Zacks Investment Research raised shares of Stantec from a “sell” rating to a “hold” rating in a research note on Wednesday, October 19th. Canaccord Genuity reissued a “hold” rating and issued a $30.00 price objective (down from $33.00) on shares of Stantec in a research note on Sunday, October 23rd. TD Securities reissued a “hold” rating and issued a $35.00 price objective (down from $37.00) on shares of Stantec in a research note on Wednesday, August 10th. National Bank Financial raised shares of Stantec from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 17th. Finally, Scotiabank cut shares of Stantec from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $36.00 to $34.00 in a research note on Friday, August 5th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Stantec currently has an average rating of “Hold” and a consensus target price of $32.78.
Shares of Stantec (NYSE:STN) opened at 25.40 on Monday. The company has a market capitalization of $2.89 billion, a P/E ratio of 26.13 and a beta of 1.46. The firm has a 50-day moving average of $23.13 and a 200 day moving average of $24.24. Stantec has a 1-year low of $20.71 and a 1-year high of $26.87.
A number of institutional investors have recently added to or reduced their stakes in STN. Invictus RG acquired a new position in Stantec during the first quarter valued at approximately $132,000. Tower Research Capital LLC TRC raised its position in 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 period. AXA raised its position in 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 period. Cubist Systematic Strategies LLC acquired a new position in Stantec during the second quarter valued at approximately $205,000. Finally, Aperio Group LLC raised its position in 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 period. Institutional investors and hedge funds own 52.05% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Investors of record on Friday, December 30th will be paid a dividend of $0.0842 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.34 annualized dividend and a yield of 1.33%. Stantec’s payout ratio is 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.
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