Wall Street analysts predict that Stantec Inc. (NYSE:STN) (TSE:STN) will report $677.96 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Stantec’s earnings, with estimates ranging from $661.20 million to $693.23 million. Stantec posted sales of $693.67 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.3%. The company is expected to announce its next earnings report on Thursday, May 9th.
On average, analysts expect that Stantec will report full-year sales of $2.77 billion for the current year, with estimates ranging from $2.74 billion to $2.79 billion. For the next financial year, analysts forecast that the company will post sales of $2.92 billion, with estimates ranging from $2.87 billion to $2.98 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Stantec.
Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Thursday, February 28th. The business services provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The firm had revenue of $632.33 million during the quarter, compared to the consensus estimate of $623.45 million. Stantec had a return on equity of 9.80% and a net margin of 0.96%.
A number of large investors have recently modified their holdings of STN. Mackenzie Financial Corp boosted its position in Stantec by 44.7% in the 4th quarter. Mackenzie Financial Corp now owns 9,416,402 shares of the business services provider’s stock worth $205,843,000 after purchasing an additional 2,909,622 shares in the last quarter. Vanguard Group Inc boosted its position in Stantec by 6.5% in the 3rd quarter. Vanguard Group Inc now owns 2,844,481 shares of the business services provider’s stock worth $70,685,000 after purchasing an additional 173,647 shares in the last quarter. Vanguard Group Inc. boosted its position in Stantec by 6.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,844,481 shares of the business services provider’s stock worth $70,685,000 after purchasing an additional 173,647 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Stantec by 79.6% in the 4th quarter. Great West Life Assurance Co. Can now owns 2,144,513 shares of the business services provider’s stock worth $47,076,000 after purchasing an additional 950,389 shares in the last quarter. Finally, Norges Bank purchased a new stake in Stantec in the 4th quarter worth approximately $33,961,000. Institutional investors own 67.39% of the company’s stock.
Stantec stock traded up $0.06 during trading hours on Monday, reaching $24.50. The stock had a trading volume of 8,322 shares, compared to its average volume of 14,777. The company has a market capitalization of $2.74 billion, a PE ratio of 17.50 and a beta of 1.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.90 and a current ratio of 1.90. Stantec has a 52 week low of $21.44 and a 52 week high of $26.74.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.80%. The ex-dividend date was Thursday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.10. Stantec’s dividend payout ratio is 31.43%.
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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