Desjardins Weighs in on Stantec Inc.’s FY2016 Earnings (STN)
Stantec Inc. (NYSE:STN) (TSE:STN) – Analysts at Desjardins cut their FY2016 earnings estimates for Stantec in a research report issued on Friday. Desjardins analyst B. Poirier now anticipates that the firm will post earnings of $1.35 per share for the year, down from their prior estimate of $1.38. Desjardins also issued estimates for Stantec’s Q4 2016 earnings at $0.38 EPS.
Several other equities analysts have also issued reports on the stock. Zacks Investment Research raised shares of Stantec from a “sell” rating to a “hold” rating in a report on Wednesday, October 19th. RBC Capital Markets reissued a “sector perform” rating and set a $36.00 price objective (up from $32.00) on shares of Stantec in a report on Friday, November 11th. National Bank Financial raised shares of Stantec from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 17th. Canaccord Genuity reissued a “hold” rating and set a $30.00 price objective (down from $33.00) on shares of Stantec in a report on Sunday, October 23rd. Finally, DA Davidson reissued a “hold” rating and set a $25.00 price objective on shares of Stantec in a report on Wednesday, November 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $32.78.
Stantec (NYSE:STN) opened at 25.75 on Monday. The company has a market capitalization of $2.93 billion, a PE ratio of 26.30 and a beta of 1.46. Stantec has a 52-week low of $20.71 and a 52-week high of $26.87. The company has a 50-day moving average price of $23.07 and a 200 day moving average price of $24.26.
Stantec (NYSE:STN) last released its quarterly earnings data on Thursday, November 10th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.07. The business had revenue of $1.26 million for the quarter, compared to analysts’ expectations of $918.11 million. Stantec had a return on equity of 10.28% and a net margin of 3.34%. Stantec’s revenue for the quarter was up 40.7% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.0842 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, December 28th. Stantec’s dividend payout ratio (DPR) is presently 37.36%.
Several large investors have recently made changes to their positions in the stock. Invictus RG bought a new stake in shares of Stantec during the first quarter worth $132,000. Tower Research Capital LLC TRC raised 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 worth $154,000 after buying an additional 4,972 shares during the period. AXA raised its stake in shares of Stantec by 3.8% in the second quarter. AXA now owns 8,100 shares of the company’s stock worth $195,000 after buying an additional 300 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Stantec during the second quarter worth $205,000. Finally, Cetera Advisor Networks LLC bought a new stake in shares of Stantec during the third quarter worth $207,000. 52.05% of the stock is currently owned by hedge funds and other institutional investors.
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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