Stantec Inc. (NYSE:STN) Expected to Post Quarterly Sales of $688.23 Million

Wall Street brokerages expect Stantec Inc. (NYSE:STN) (TSE:STN) to announce $688.23 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Stantec’s earnings, with the lowest sales estimate coming in at $683.91 million and the highest estimate coming in at $692.55 million. Stantec posted sales of $632.33 million during the same quarter last year, which suggests a positive year over year growth rate of 8.8%. The firm is scheduled to announce its next earnings results on Thursday, February 27th.

On average, analysts expect that Stantec will report full year sales of $2.77 billion for the current financial year, with estimates ranging from $2.73 billion to $2.82 billion. For the next year, analysts expect that the firm will report sales of $2.89 billion, with estimates ranging from $2.81 billion to $2.94 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Stantec.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.07). Stantec had a net margin of 1.33% and a return on equity of 10.70%. The company had revenue of $712.92 million for the quarter, compared to analysts’ expectations of $706.38 million.

Several brokerages recently issued reports on STN. AltaCorp Capital boosted their price target on shares of Stantec from $41.00 to $46.00 in a research report on Friday. Raymond James reiterated an “outperform” rating and set a $37.50 price target on shares of Stantec in a research report on Friday. Royal Bank of Canada boosted their price target on shares of Stantec from $32.00 to $34.00 and gave the company a “sector perform” rating in a research report on Friday. Canaccord Genuity boosted their price target on shares of Stantec from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Friday. Finally, Desjardins boosted their price target on shares of Stantec from $38.00 to $41.00 in a research report on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.95.

Shares of NYSE STN traded up $1.01 during midday trading on Thursday, hitting $26.05. 178,262 shares of the company traded hands, compared to its average volume of 19,711. Stantec has a 12-month low of $20.22 and a 12-month high of $26.79. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a 50-day moving average price of $21.87 and a 200 day moving average price of $23.04. The firm has a market cap of $2.40 billion, a P/E ratio of 18.61 and a beta of 1.16.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, December 27th. Stantec’s dividend payout ratio is currently 31.43%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its holdings in Stantec by 237.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,218 shares of the business services provider’s stock worth $27,000 after purchasing an additional 857 shares during the period. Aperio Group LLC purchased a new stake in Stantec in the second quarter worth about $147,000. Cubist Systematic Strategies LLC purchased a new stake in Stantec in the second quarter worth about $394,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Stantec by 8.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,700 shares of the business services provider’s stock worth $450,000 after purchasing an additional 1,407 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Stantec by 14.7% in the second quarter. JPMorgan Chase & Co. now owns 21,187 shares of the business services provider’s stock worth $504,000 after purchasing an additional 2,709 shares during the period. Institutional investors and hedge funds own 66.21% of the company’s stock.

Stantec Company Profile

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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Earnings History and Estimates for Stantec (NYSE:STN)

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