Stantec (STN) Receiving Somewhat Favorable Media Coverage, Study Finds
Media headlines about Stantec (NYSE:STN) (TSE:STN) have trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Stantec earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.3951770344047 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Stantec (NYSE STN) opened at 28.30 on Monday. The firm has a market cap of $3.22 billion, a P/E ratio of 34.55 and a beta of 1.58. The company’s 50-day moving average is $26.39 and its 200-day moving average is $25.35. Stantec has a 52-week low of $21.50 and a 52-week high of $28.55.
Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The business had revenue of $891.49 million during the quarter, compared to analyst estimates of $902.78 million. Stantec had a return on equity of 10.67% and a net margin of 2.31%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 EPS. Equities research analysts forecast that Stantec will post $1.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. This is a positive change from Stantec’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, September 28th. Stantec’s payout ratio is currently 47.44%.
STN has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Stantec from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, August 15th. BidaskClub raised shares of Stantec from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, TheStreet raised shares of Stantec from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.20.
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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 operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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