Stantec Inc. (NYSE:STN) (TSE:STN) – Equities research analysts at Raymond James decreased their Q1 2019 earnings estimates for shares of Stantec in a research note issued on Monday, April 8th, Zacks Investment Research reports. Raymond James analyst B. Cherniavsky now expects that the business services provider will earn $0.29 per share for the quarter, down from their prior estimate of $0.39. Raymond James also issued estimates for Stantec’s Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.47 EPS, Q4 2019 earnings at $0.30 EPS and FY2020 earnings at $1.69 EPS.
A number of other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Stantec from a “sell” rating to a “hold” rating in a research note on Thursday. TheStreet upgraded shares of Stantec from a “c” rating to a “b-” rating in a research note on Friday, March 15th. Royal Bank of Canada restated an “average” rating and issued a $36.00 price target on shares of Stantec in a research note on Friday, March 1st. Finally, BMO Capital Markets restated a “buy” rating on shares of Stantec in a research note on Thursday, February 28th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $33.50.
Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Thursday, February 28th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $632.33 million during the quarter, compared to the consensus estimate of $623.45 million. Stantec had a return on equity of 9.80% and a net margin of 0.96%.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Thursday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.10. Stantec’s payout ratio is currently 31.43%.
Institutional investors have recently added to or reduced their stakes in the business. Credit Suisse AG boosted its holdings in Stantec by 15.2% in the third quarter. Credit Suisse AG now owns 82,597 shares of the business services provider’s stock worth $2,054,000 after purchasing an additional 10,882 shares during the period. Vanguard Group Inc. boosted its holdings in Stantec by 6.5% in the third quarter. Vanguard Group Inc. now owns 2,844,481 shares of the business services provider’s stock worth $70,685,000 after purchasing an additional 173,647 shares during the period. Vanguard Group Inc boosted its holdings in shares of Stantec by 6.5% during the third quarter. Vanguard Group Inc now owns 2,844,481 shares of the business services provider’s stock valued at $70,685,000 after acquiring an additional 173,647 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Stantec by 79.6% during the fourth quarter. Great West Life Assurance Co. Can now owns 2,144,513 shares of the business services provider’s stock valued at $47,076,000 after acquiring an additional 950,389 shares during the period. Finally, CLARET ASSET MANAGEMENT Corp boosted its holdings in shares of Stantec by 1.7% during the fourth quarter. CLARET ASSET MANAGEMENT Corp now owns 83,447 shares of the business services provider’s stock valued at $1,830,000 after acquiring an additional 1,426 shares during the period. 67.20% of the stock is owned by hedge funds and other institutional investors.
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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