Stantec (STN) Scheduled to Post Quarterly Earnings on Thursday

Stantec (TSE:STN - Get Free Report) NYSE: STN will be announcing 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 - Get Free Report) NYSE: STN last issued its earnings results on Wednesday, August 7th. The company reported C$1.12 EPS 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 during the quarter, compared to analysts' expectations of C$1.49 billion.

Stantec Stock Down 1.0 %

TSE:STN traded down C$1.09 on Thursday, hitting C$112.94. 254,256 shares of the company's stock traded hands, compared to its average volume of 262,773. The company has a market cap of C$12.88 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a 1 year low of C$83.81 and a 1 year high of C$122.57. 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 firm has a 50-day moving average price of C$111.16 and a 200-day moving average price of C$112.50.

Stantec Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, September 27th. Stantec's dividend payout ratio (DPR) is currently 27.63%.

Insider Activity at Stantec

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

Analysts Set New Price Targets

Several analysts recently issued reports on STN shares. Canaccord Genuity Group increased their price objective on Stantec from C$120.00 to C$125.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. Stifel Nicolaus lifted their price target on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Raymond James downgraded Stantec from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from C$125.00 to C$120.00 in a report on Thursday, August 8th. Scotiabank raised shares of Stantec to a "strong-buy" rating in a research report on Friday, October 25th. Finally, BMO Capital Markets raised their price target on shares of Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$123.50.

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.