Stantec Inc. (TSE:STN) (NYSE:STN) – Equities researchers at Desjardins decreased their Q2 2019 earnings estimates for shares of Stantec in a research report issued to clients and investors on Monday, May 13th. Desjardins analyst B. Poirier now anticipates that the company will earn $0.60 per share for the quarter, down from their previous forecast of $0.63. Desjardins also issued estimates for Stantec’s Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.40 EPS and FY2021 earnings at $2.74 EPS.

STN has been the subject of several other reports. Raymond James reiterated a “market perform” rating and set a C$33.00 target price on shares of Stantec in a research note on Monday, April 8th. Canaccord Genuity decreased their price objective on shares of Stantec from C$40.00 to C$38.00 in a report on Friday, March 1st. Royal Bank of Canada reduced their target price on shares of Stantec from C$38.00 to C$36.00 and set a “sector perform” rating on the stock in a research note on Friday, March 1st. National Bank Financial reduced their price objective on shares of Stantec from C$34.00 to C$31.50 and set a “sector perform” rating on the stock in a research note on Friday, March 1st. Finally, TD Securities raised their target price on shares of Stantec from C$34.00 to C$36.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Stantec currently has a consensus rating of “Hold” and an average price target of C$36.78.

STN stock opened at C$32.96 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 1.90 and a debt-to-equity ratio of 96.15. The company has a market capitalization of $3.68 billion and a price-to-earnings ratio of 67.27. Stantec has a 12 month low of C$29.03 and a 12 month high of C$35.04.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Thursday, February 28th. The company reported C$0.40 EPS for the quarter, hitting analysts’ consensus estimates of C$0.40. The business had revenue of C$835.60 million during the quarter, compared to the consensus estimate of C$820.33 million.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.145 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.58 annualized dividend and a yield of 1.76%. Stantec’s dividend payout ratio is currently 113.78%.

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 three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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Earnings History and Estimates for Stantec (TSE:STN)

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