Stantec Inc. (STN) Expected to Post Earnings of $0.31 Per Share

Equities research analysts forecast that Stantec Inc. (NYSE:STN) (TSE:STN) will report earnings per share of $0.31 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Stantec’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.29. Stantec reported earnings per share of $0.25 during the same quarter last year, which suggests a positive year-over-year growth rate of 24%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, February 28th.

On average, analysts expect that Stantec will report full-year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.26 to $1.29. For the next year, analysts anticipate that the company will post earnings of $1.71 per share, with EPS estimates ranging from $1.69 to $1.74. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Stantec.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.07). The company had revenue of $690.05 million for the quarter, compared to analysts’ expectations of $699.73 million. Stantec had a return on equity of 9.47% and a net margin of 1.34%.

STN has been the subject of several recent analyst reports. CIBC upgraded shares of Stantec from a “neutral” rating to a “sector outperform” rating in a research report on Friday, October 19th. Zacks Investment Research upgraded shares of Stantec from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Scotiabank upgraded shares of Stantec from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 19th. Raymond James downgraded shares of Stantec from an “outperform” rating to a “market perform” rating in a research report on Friday, November 9th. Finally, TheStreet downgraded shares of Stantec from a “b-” rating to a “c” rating in a research report on Monday, November 19th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Stantec currently has an average rating of “Buy” and a consensus price target of $32.25.

Large investors have recently bought and sold shares of the company. Swiss National Bank grew its stake in shares of Stantec by 2.5% during the 3rd quarter. Swiss National Bank now owns 203,670 shares of the business services provider’s stock worth $5,048,000 after purchasing an additional 4,900 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Stantec by 22.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,194,124 shares of the business services provider’s stock worth $29,731,000 after purchasing an additional 218,635 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Stantec by 1.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 716,881 shares of the business services provider’s stock worth $17,814,000 after purchasing an additional 10,500 shares during the period. Toronto Dominion Bank grew its stake in shares of Stantec by 24.3% during the 3rd quarter. Toronto Dominion Bank now owns 192,367 shares of the business services provider’s stock worth $4,785,000 after purchasing an additional 37,637 shares during the period. Finally, Credit Suisse AG grew its stake in shares of Stantec by 15.2% during the 3rd 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. 64.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:STN traded down $0.20 during trading on Monday, hitting $23.37. 10,311 shares of the company were exchanged, compared to its average volume of 12,822. The company has a market capitalization of $2.64 billion, a PE ratio of 17.18 and a beta of 1.16. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.47. Stantec has a 12-month low of $21.44 and a 12-month high of $29.10.

About Stantec

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 four segments: Consulting Services – Canada, Consulting Services – United States, Consulting Services – Global, and Construction Services.

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