Brokers Offer Predictions for Student Transportation Inc.’s Q3 2018 Earnings (STB)
Student Transportation Inc. (TSE:STB) (NASDAQ:STB) – Investment analysts at Barrington Research lowered their Q3 2018 earnings per share (EPS) estimates for Student Transportation in a note issued to investors on Thursday. Barrington Research analyst G. Prestopino now expects that the company will post earnings per share of $0.11 for the quarter, down from their prior estimate of $0.12. Barrington Research also issued estimates for Student Transportation’s Q4 2018 earnings at $0.07 EPS, FY2018 earnings at $0.15 EPS, Q2 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.09 EPS and FY2019 earnings at $0.20 EPS.
A number of other brokerages have also issued reports on STB. BMO Capital Markets dropped their price target on shares of Student Transportation from C$8.25 to C$7.60 in a research note on Saturday, September 23rd. Scotiabank cut their price target on shares of Student Transportation from C$8.25 to C$8.00 and set a “sector perform” rating for the company in a report on Saturday, September 23rd. Finally, National Bank Financial upgraded shares of Student Transportation from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$8.50 to C$9.50 in a research report on Thursday, September 21st.
Shares of Student Transportation (TSE:STB) traded up 0.54% during mid-day trading on Monday, reaching $7.44. 39,526 shares of the company were exchanged. The stock has a market capitalization of $704.05 million and a P/E ratio of 106.29. The stock has a 50 day moving average price of $7.39 and a 200-day moving average price of $7.71. Student Transportation has a 12 month low of $6.98 and a 12 month high of $8.25.
The firm also recently declared a monthly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 16th will be issued a $0.0367 dividend. The ex-dividend date of this dividend is Wednesday, September 27th. This represents a $0.44 annualized dividend and a dividend yield of 5.95%.
About Student Transportation
Student Transportation Inc is a Canada-based company engaged in providing school bus transportation services in North America. The Company provides school bus and management services to public and private schools in North America and offers services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.
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