Wall Street brokerages predict that Stantec Inc. (NYSE:STN) (TSE:STN) will post sales of $657.88 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Stantec’s earnings, with the lowest sales estimate coming in at $644.48 million and the highest estimate coming in at $677.92 million. Stantec reported sales of $633.88 million in the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The firm is scheduled to announce its next earnings results on Thursday, February 28th.

On average, analysts expect that Stantec will report full year sales of $2.71 billion for the current year, with estimates ranging from $2.68 billion to $2.75 billion. For the next financial year, analysts anticipate that the business will post sales of $2.87 billion, with estimates ranging from $2.75 billion to $3.01 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Stantec.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). The business had revenue of $690.05 million for the quarter, compared to the consensus estimate of $699.73 million. Stantec had a net margin of 2.58% and a return on equity of 10.09%.

STN has been the topic of a number of research analyst reports. CIBC downgraded Stantec to a “hold” rating in a report on Friday. Royal Bank of Canada reissued a “hold” rating on shares of Stantec in a report on Friday. Zacks Investment Research raised Stantec from a “sell” rating to a “hold” rating in a report on Friday, October 26th. ValuEngine raised Stantec from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, Raymond James downgraded Stantec from an “outperform” rating to a “market perform” rating in a report on Friday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $29.00.

A number of hedge funds have recently bought and sold shares of STN. Bank of New York Mellon Corp bought a new position in Stantec in the second quarter valued at about $249,000. JPMorgan Chase & Co. bought a new position in shares of Stantec in the first quarter worth about $271,000. Bank of America Corp DE raised its stake in shares of Stantec by 42.6% in the second quarter. Bank of America Corp DE now owns 19,366 shares of the business services provider’s stock worth $497,000 after buying an additional 5,790 shares during the period. Global X Management Co LLC raised its stake in shares of Stantec by 18.7% in the second quarter. Global X Management Co LLC now owns 27,743 shares of the business services provider’s stock worth $712,000 after buying an additional 4,374 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Stantec by 27.1% in the second quarter. CIBC Asset Management Inc now owns 61,610 shares of the business services provider’s stock worth $1,585,000 after buying an additional 13,151 shares during the period. 58.51% of the stock is currently owned by institutional investors.

Shares of NYSE:STN traded down $1.76 during midday trading on Monday, reaching $24.22. 31,624 shares of the company’s stock traded hands, compared to its average volume of 27,797. The company has a market cap of $3.02 billion, a P/E ratio of 17.81 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. Stantec has a one year low of $23.95 and a one year high of $29.25.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Friday, December 28th will be issued a $0.1049 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 27th. Stantec’s dividend payout ratio is 30.88%.

About Stantec

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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Earnings History and Estimates for Stantec (NYSE:STN)

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