Analysts Offer Predictions for Stantec Inc.’s FY2020 Earnings (TSE:STN)

Stantec Inc. (TSE:STN) (NYSE:STN) – Research analysts at Desjardins decreased their FY2020 earnings per share (EPS) estimates for Stantec in a research report issued on Tuesday, December 3rd. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $2.32 for the year, down from their previous forecast of $2.37. Desjardins also issued estimates for Stantec’s FY2021 earnings at $2.54 EPS.

Several other equities research analysts have also recently weighed in on STN. BMO Capital Markets increased their target price on Stantec from C$37.00 to C$39.00 in a report on Friday, November 8th. Royal Bank of Canada raised their price target on Stantec from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research report on Wednesday. National Bank Financial raised Stantec from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$30.50 to C$36.00 in a research note on Friday, November 8th. Laurentian boosted their price objective on Stantec from C$37.00 to C$41.00 in a research report on Wednesday. Finally, CIBC raised Stantec from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$35.00 to C$40.00 in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Stantec currently has an average rating of “Buy” and a consensus target price of C$38.85.

STN opened at C$35.53 on Friday. The company has a market cap of $3.90 billion and a P/E ratio of 28.24. The business’s 50-day moving average price is C$32.19 and its 200-day moving average price is C$30.88. The company has a current ratio of 1.77, a quick ratio of 1.72 and a debt-to-equity ratio of 88.83. Stantec has a 12 month low of C$26.67 and a 12 month high of C$36.29.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th will be paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, December 27th. Stantec’s dividend payout ratio (DPR) is 45.51%.

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

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Earnings History and Estimates for Stantec (TSE:STN)

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