Stantec Inc. to Post Q3 2018 Earnings of $0.43 Per Share, National Bank Financial Forecasts (STN)
Stantec Inc. (NYSE:STN) (TSE:STN) – National Bank Financial dropped their Q3 2018 earnings per share estimates for shares of Stantec in a note issued to investors on Wednesday, August 8th. National Bank Financial analyst M. Sytchev now forecasts that the business services provider will earn $0.43 per share for the quarter, down from their previous estimate of $0.45. National Bank Financial also issued estimates for Stantec’s Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.38 EPS and FY2019 earnings at $1.67 EPS.
STN has been the topic of several other research reports. Zacks Investment Research raised Stantec from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, July 11th. CIBC lowered Stantec from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, July 5th. Finally, TheStreet raised Stantec from a “c+” rating to a “b-” rating in a research note on Monday, July 2nd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $34.50.
Several institutional investors have recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Stantec by 16.6% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,141,012 shares of the business services provider’s stock valued at $183,540,000 after purchasing an additional 1,014,400 shares during the last quarter. Van Berkom & Associates Inc. raised its holdings in shares of Stantec by 4.0% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,340,580 shares of the business services provider’s stock valued at $34,421,000 after buying an additional 51,728 shares during the period. Sentry Investments Corp. raised its holdings in shares of Stantec by 0.9% in the 1st quarter. Sentry Investments Corp. now owns 1,231,100 shares of the business services provider’s stock valued at $39,137,000 after buying an additional 10,600 shares during the period. TD Asset Management Inc. raised its holdings in shares of Stantec by 54.7% in the 2nd quarter. TD Asset Management Inc. now owns 1,034,040 shares of the business services provider’s stock valued at $26,577,000 after buying an additional 365,729 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Stantec by 87.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 774,081 shares of the business services provider’s stock valued at $19,087,000 after buying an additional 361,561 shares during the period. 55.79% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Friday, September 28th will be paid a $0.106 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, September 27th. Stantec’s dividend payout ratio (DPR) is presently 30.88%.
Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.
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