Zacks: Analysts Expect Stantec Inc. (STN) Will Post Earnings of $0.31 Per Share

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Analysts expect Stantec Inc. (NYSE:STN) (TSE:STN) to post earnings per share (EPS) of $0.31 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Stantec’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.33. Stantec reported earnings per share of $0.25 during the same quarter last year, which would suggest a positive year-over-year growth rate of 24%. The firm is scheduled to report its next earnings report before the market opens on Thursday, February 28th.

On average, analysts expect that Stantec will report full year earnings of $1.27 per share for the current year, with EPS estimates ranging from $1.26 to $1.29. For the next financial year, analysts expect that the firm will post earnings of $1.71 per share, with EPS estimates ranging from $1.69 to $1.74. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Stantec.

Stantec (NYSE:STN) (TSE:STN) last issued its 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). Stantec had a net margin of 1.34% and a return on equity of 9.47%. The business had revenue of $690.05 million for the quarter, compared to the consensus estimate of $699.73 million.

A number of equities research analysts have issued reports on the stock. Raymond James raised shares of Stantec to a “buy” rating and set a $35.50 target price on the stock in a report on Thursday, December 13th. TheStreet cut shares of Stantec from a “b-” rating to a “c” rating in a report on Monday, November 19th. CIBC cut shares of Stantec to a “hold” rating in a report on Friday, November 9th. Royal Bank of Canada reissued a “hold” rating on shares of Stantec in a report on Friday, November 9th. Finally, Zacks Investment Research raised shares of Stantec from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Stantec currently has an average rating of “Buy” and an average target price of $32.25.

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in Stantec by 544.4% during the third quarter. Tower Research Capital LLC TRC now owns 4,975 shares of the business services provider’s stock valued at $124,000 after buying an additional 4,203 shares during the period. Citadel Advisors LLC purchased a new stake in Stantec during the third quarter valued at about $210,000. Bank of New York Mellon Corp purchased a new stake in Stantec during the second quarter valued at about $249,000. Bank of America Corp DE boosted its position in Stantec by 42.6% during the second quarter. Bank of America Corp DE now owns 19,366 shares of the business services provider’s stock valued at $497,000 after buying an additional 5,790 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Stantec during the third quarter valued at about $732,000. Institutional investors own 64.42% of the company’s stock.

STN stock traded down $0.20 during midday trading on Monday, reaching $23.37. 10,311 shares of the company’s stock traded hands, compared to its average volume of 12,822. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.67 and a quick ratio of 1.67. Stantec has a 52 week low of $21.44 and a 52 week high of $29.10. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 17.18 and a beta of 1.16.

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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