Analysts Expect Student Transportation Inc. (NASDAQ:STB) to Announce ($0.09) Earnings Per Share
Student Transportation Inc. (NASDAQ:STB) has been given an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation. Student Transportation’s rating score has improved by 40.1% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus target price of $6.28 for the company and are predicting that the company will post ($0.09) EPS for the current quarter, according to Zacks. Zacks has also assigned Student Transportation an industry rank of 96 out of 265 based on the ratings given to its competitors.
A number of research firms have issued reports on STB. BMO Capital Markets restated a “hold” rating on shares of Student Transportation in a research report on Sunday, September 18th. Zacks Investment Research upgraded shares of Student Transportation from a “sell” rating to a “hold” rating and set a $6.25 target price on the stock in a research report on Thursday, August 18th. Scotiabank reaffirmed a “sector perform” rating and issued a $6.75 price target (up from $6.50) on shares of Student Transportation in a research note on Sunday, August 21st. Finally, Barrington Research started coverage on Student Transportation in a research note on Thursday, July 21st. They issued an “outperform” rating and a $7.50 price target for the company.
Hedge funds have recently made changes to their positions in the stock. Bank of Nova Scotia boosted its stake in shares of Student Transportation by 4.5% in the second quarter. Bank of Nova Scotia now owns 24,174 shares of the company’s stock worth $124,000 after buying an additional 1,039 shares during the period. Commonwealth Equity Services Inc boosted its stake in Student Transportation by 28.4% in the second quarter. Commonwealth Equity Services Inc now owns 30,230 shares of the company’s stock worth $155,000 after buying an additional 6,687 shares during the last quarter. Nuveen Fund Advisors LLC acquired a new stake in Student Transportation during the second quarter worth about $250,000. UBS Asset Management Americas Inc. boosted its stake in Student Transportation by 2.3% in the second quarter. UBS Asset Management Americas Inc. now owns 49,204 shares of the company’s stock worth $252,000 after buying an additional 1,127 shares during the last quarter. Finally, Monarch Partners Asset Management LLC boosted its stake in Student Transportation by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 71,920 shares of the company’s stock worth $370,000 after buying an additional 13,480 shares during the last quarter. 21.08% of the stock is owned by institutional investors.
Student Transportation (NASDAQ:STB) opened at 5.96 on Tuesday. Student Transportation has a 52-week low of $3.02 and a 52-week high of $6.08. The stock has a market capitalization of $547.74 million, a P/E ratio of 99.33 and a beta of 0.74. The stock has a 50 day moving average of $5.76 and a 200 day moving average of $5.23.
Student Transportation (NASDAQ:STB) last released its earnings results on Wednesday, September 14th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Student Transportation had a net margin of 1.01% and a return on equity of 4.40%. The company had revenue of $166.20 million for the quarter. During the same quarter in the previous year, the company posted $0.07 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities research analysts forecast that Student Transportation will post $0.10 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st will be paid a $0.0367 dividend. The ex-dividend date is Thursday, October 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.38%. Student Transportation’s dividend payout ratio (DPR) is presently 628.57%.
About Student Transportation
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