Stantec (STN) to Release Earnings on Thursday

Stantec (TSE:STN) (NYSE:STN) is scheduled to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of C$1.25 per share for the quarter.

Stantec (TSE:STN) (NYSE:STN) last issued its earnings results on Wednesday, August 7th. The company reported C$1.12 earnings per share for the quarter, topping the consensus estimate of C$1.11 by C$0.01. Stantec had a return on equity of 12.91% and a net margin of 6.31%. The business had revenue of C$1.49 billion for the quarter, compared to analyst estimates of C$1.49 billion.

Stantec Price Performance

STN stock opened at C$114.03 on Thursday. The company has a market cap of C$13.01 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The stock has a 50-day moving average price of C$111.14 and a two-hundred day moving average price of C$112.49. Stantec has a 12-month low of C$83.81 and a 12-month high of C$122.57.

Stantec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, September 27th. Stantec’s dividend payout ratio is currently 27.63%.

Wall Street Analyst Weigh In

Several research firms recently commented on STN. Scotiabank upgraded shares of Stantec to a “strong-buy” rating in a report on Friday, October 25th. Canaccord Genuity Group raised their target price on shares of Stantec from C$120.00 to C$125.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. BMO Capital Markets upped their price target on shares of Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Raymond James lowered Stantec from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Finally, Stifel Nicolaus upped their target price on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$123.50.

Insiders Place Their Bets

In other Stantec news, Director Vito Culmone bought 2,000 shares of Stantec stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. In related news, Director Vito Culmone purchased 2,000 shares of Stantec stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of C$112.97 per share, with a total value of C$225,940.00. Also, Director Asifa Samji acquired 300 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the acquisition, the director now owns 840 shares of the company’s stock, valued at C$92,190. The trade was a 0.00 % increase in their ownership of the stock. Insiders have acquired 2,445 shares of company stock worth $274,636 in the last three months. 0.27% of the stock is owned by insiders.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.