Stantec Inc. (TSE:STN) to Issue $0.21 Quarterly Dividend

Stantec Inc. (TSE:STNGet Free Report) (NYSE:STN) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.21 per share on Monday, July 15th. This represents a $0.84 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, June 28th.

Stantec Stock Performance

STN stock opened at C$114.18 on Thursday. The firm has a market cap of C$13.02 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 1.46 and a beta of 0.87. The company has a debt-to-equity ratio of 75.54, a quick ratio of 1.46 and a current ratio of 1.34. The firm has a 50-day simple moving average of C$111.57 and a two-hundred day simple moving average of C$110.28. Stantec has a one year low of C$82.50 and a one year high of C$118.39.

Stantec (TSE:STNGet Free Report) (NYSE:STN) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.86 by C$0.04. Stantec had a net margin of 6.64% and a return on equity of 13.32%. The company had revenue of C$1.37 billion during the quarter, compared to analyst estimates of C$1.36 billion. On average, equities analysts forecast that Stantec will post 4.2953046 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on STN. Scotiabank raised their price objective on Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a report on Thursday, May 2nd. TD Securities raised their price objective on Stantec from C$125.00 to C$130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Canaccord Genuity Group lifted their price target on Stantec from C$110.00 to C$120.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Atb Cap Markets lowered Stantec from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 29th. Finally, Raymond James lifted their price target on Stantec from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Stantec currently has a consensus rating of “Moderate Buy” and a consensus target price of C$120.85.

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Stantec Company Profile

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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.

See Also

Dividend History for Stantec (TSE:STN)

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