FY2016 Earnings Estimate for Stantec Inc. Issued By National Bank Financial (STN)
Stantec Inc. (NYSE:STN) (TSE:STN) – Equities research analysts at National Bank Financial reduced their FY2016 earnings per share (EPS) estimates for Stantec in a research note issued to investors on Sunday. National Bank Financial analyst M. Sytchev now anticipates that the brokerage will earn $1.27 per share for the year, down from their previous forecast of $1.31. National Bank Financial currently has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Stantec’s FY2017 earnings at $1.60 EPS and FY2018 earnings at $2.00 EPS.
STN has been the subject of several other research reports. Zacks Investment Research upgraded shares of Stantec from a “sell” rating to a “hold” rating in a research report on Wednesday, October 19th. Canaccord Genuity reiterated a “hold” rating and set a $30.00 price target (down previously from $33.00) on shares of Stantec in a research report on Sunday, October 23rd. DA Davidson reiterated a “hold” rating and set a $25.00 price target on shares of Stantec in a research report on Wednesday, November 9th. TD Securities reiterated a “hold” rating and set a $35.00 price target (down previously from $37.00) on shares of Stantec in a research report on Wednesday, August 10th. Finally, Scotiabank cut shares of Stantec from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $36.00 to $34.00 in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock 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 Tuesday. The stock has a market cap of $2.89 billion, a P/E ratio of 25.94 and a beta of 1.46. The firm has a 50-day moving average of $23.28 and a 200-day moving average of $24.25. Stantec has a 52-week low of $20.71 and a 52-week high of $26.87.
Stantec (NYSE:STN) last released its earnings results on Thursday, November 10th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. Stantec had a net margin of 3.34% and a return on equity of 10.28%. The company earned $1.26 million during the quarter, compared to the consensus estimate of $918.11 million. The company’s revenue was up 40.7% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG raised its position in shares of Stantec by 301.4% in the first quarter. UBS Group AG now owns 74,061 shares of the company’s stock worth $1,878,000 after buying an additional 55,611 shares during the last quarter. Invictus RG bought a new position in shares of Stantec during the first quarter worth $132,000. Montrusco Bolton Investments Inc. raised its position in shares of Stantec by 76.5% in the second quarter. Montrusco Bolton Investments Inc. now owns 735,866 shares of the company’s stock worth $17,752,000 after buying an additional 318,920 shares during the last quarter. Van Berkom & Associates Inc. raised its position in shares of Stantec by 0.7% in the second quarter. Van Berkom & Associates Inc. now owns 1,398,716 shares of the company’s stock worth $33,686,000 after buying an additional 9,700 shares during the last quarter. Finally, 1st Global Advisors Inc. raised its position in shares of Stantec by 3.9% in the second quarter. 1st Global Advisors Inc. now owns 10,435 shares of the company’s stock worth $253,000 after buying an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 52.05% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Investors 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 yield of 1.33%. The ex-dividend date is Wednesday, December 28th. Stantec’s dividend payout ratio is currently 37.36%.
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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