Stantec (STN) Set to Announce Earnings on Wednesday

Stantec (TSE:STN) (NYSE:STN) will post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Stantec to post earnings of C$0.91 per share for the quarter.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Wednesday, February 28th. The company reported C$0.82 EPS for the quarter, missing the consensus estimate of C$0.86 by C($0.04). Stantec had a return on equity of 13.14% and a net margin of 6.54%. The company had revenue of C$1.24 billion for the quarter, compared to analyst estimates of C$1.22 billion.

Stantec Trading Up 0.1 %

STN opened at C$114.52 on Monday. Stantec has a 12 month low of C$77.00 and a 12 month high of C$118.39. The stock has a market capitalization of C$13.06 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 1.46 and a beta of 0.87. The company has a debt-to-equity ratio of 62.82, a current ratio of 1.41 and a quick ratio of 1.46. The business has a fifty day moving average price of C$112.42 and a 200 day moving average price of C$105.32.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.73%. This is a boost from Stantec’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, March 27th. Stantec’s payout ratio is presently 28.19%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. ATB Capital cut Stantec from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$115.00 to C$120.00 in a research report on Friday, March 1st. BMO Capital Markets upped their price objective on Stantec from C$126.00 to C$127.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Canaccord Genuity Group upped their price objective on Stantec from C$110.00 to C$120.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Atb Cap Markets cut Stantec from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 29th. Finally, Royal Bank of Canada upped their price objective on Stantec from C$121.00 to C$123.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy” and a consensus price target of C$120.46.

Insider Activity

In other news, Director Steve Marvin Fleck sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$116.02, for a total value of C$232,040.00. Company insiders own 0.27% of the company’s stock.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.