$654.39 Million in Sales Expected for SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) This Quarter

Brokerages expect SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) to announce sales of $654.39 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for SPDR MSCI Europe Energy UCITS ETF’s earnings, with the highest sales estimate coming in at $661.01 million and the lowest estimate coming in at $642.25 million. SPDR MSCI Europe Energy UCITS ETF reported sales of $603.09 million during the same quarter last year, which indicates a positive year over year growth rate of 8.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 3rd.

On average, analysts expect that SPDR MSCI Europe Energy UCITS ETF will report full year sales of $654.39 million for the current fiscal year, with estimates ranging from $2.58 billion to $2.72 billion. For the next financial year, analysts expect that the business will report sales of $2.87 billion per share, with estimates ranging from $2.68 billion to $3.09 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover SPDR MSCI Europe Energy UCITS ETF.

STN has been the subject of a number of recent analyst reports. TheStreet lowered shares of SPDR MSCI Europe Energy UCITS ETF from a “b-” rating to a “c+” rating in a research report on Thursday, March 9th. Zacks Investment Research downgraded shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 26th. BidaskClub raised shares of SPDR MSCI Europe Energy UCITS ETF from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Desjardins raised shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “buy” rating in a research note on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.67.

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Hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its stake in SPDR MSCI Europe Energy UCITS ETF by 44.2% in the first quarter. FMR LLC now owns 6,965,250 shares of the business services provider’s stock valued at $180,751,000 after buying an additional 2,136,100 shares during the period. Vanguard Group Inc. increased its stake in SPDR MSCI Europe Energy UCITS ETF by 5.8% in the first quarter. Vanguard Group Inc. now owns 2,039,743 shares of the business services provider’s stock valued at $52,830,000 after buying an additional 111,310 shares during the period. Grandeur Peak Global Advisors LLC increased its stake in SPDR MSCI Europe Energy UCITS ETF by 3.9% in the first quarter. Grandeur Peak Global Advisors LLC now owns 1,510,635 shares of the business services provider’s stock valued at $39,147,000 after buying an additional 57,400 shares during the period. Van Berkom & Associates Inc. increased its stake in SPDR MSCI Europe Energy UCITS ETF by 1.0% in the first quarter. Van Berkom & Associates Inc. now owns 1,291,416 shares of the business services provider’s stock valued at $33,454,000 after buying an additional 13,350 shares during the period. Finally, Norges Bank acquired a new stake in SPDR MSCI Europe Energy UCITS ETF during the fourth quarter valued at approximately $24,742,000. 58.81% of the stock is currently owned by institutional investors.

Shares of SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) traded down 2.92% during midday trading on Wednesday, reaching $24.95. The company had a trading volume of 15,200 shares. The company has a 50 day moving average price of $23.67 and a 200-day moving average price of $25.45. The firm has a market capitalization of $2.85 billion, a P/E ratio of 88.16 and a beta of 1.62. SPDR MSCI Europe Energy UCITS ETF has a one year low of $21.50 and a one year high of $28.05.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Friday, June 30th will be given a dividend of $0.0913 per share. This represents a $0.37 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, June 28th. SPDR MSCI Europe Energy UCITS ETF’s dividend payout ratio is presently 123.33%.

About SPDR MSCI Europe Energy UCITS ETF

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

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Earnings History and Estimates for SPDR MSCI Europe Energy UCITS ETF (NYSE:STN)

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