Stantec (STN) Scheduled to Post Quarterly 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 announced its quarterly 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). The firm had revenue of C$1.24 billion for the quarter, compared to analyst estimates of C$1.22 billion. Stantec had a return on equity of 13.14% and a net margin of 6.54%.

Stantec Stock Performance

TSE STN opened at C$109.61 on Wednesday. The company has a debt-to-equity ratio of 62.82, a current ratio of 1.41 and a quick ratio of 1.46. Stantec has a 1-year low of C$77.00 and a 1-year high of C$118.39. The firm has a market capitalization of C$12.50 billion, a P/E ratio of 36.78, a P/E/G ratio of 1.46 and a beta of 0.87. The business’s 50-day simple moving average is C$112.35 and its 200-day simple moving average is C$104.78.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.21 dividend. This is a positive change from Stantec’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.77%. Stantec’s dividend payout ratio (DPR) is presently 28.19%.

Insider Activity at Stantec

In other Stantec news, Director Steve Marvin Fleck sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$116.02, for a total transaction of C$232,040.00. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on STN shares. BMO Capital Markets raised their target price on shares of Stantec from C$126.00 to C$127.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. ATB Capital cut Stantec from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$115.00 to C$120.00 in a research note on Friday, March 1st. Canaccord Genuity Group increased their target price on Stantec from C$110.00 to C$120.00 and gave the company a “hold” rating in a research note on Friday, March 1st. National Bankshares boosted their price target on Stantec from C$116.00 to C$126.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, Stifel Nicolaus upped their price target on Stantec from C$120.00 to C$130.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$120.23.

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.