Stantec Inc. (STN) to Post Q4 2017 Earnings of $0.37 Per Share, National Bank Financial Forecasts
Stantec Inc. (TSE:STN) (NYSE:STN) – Analysts at National Bank Financial reduced their Q4 2017 earnings estimates for shares of Stantec in a research report issued to clients and investors on Thursday. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $0.37 per share for the quarter, down from their previous estimate of $0.43. National Bank Financial has a “Outperform” rating and a $39.00 price target on the stock. National Bank Financial also issued estimates for Stantec’s FY2018 earnings at $1.89 EPS and FY2019 earnings at $2.23 EPS.
STN has been the topic of a number of other reports. CIBC increased their price target on Stantec from C$36.00 to C$37.00 in a research report on Thursday, August 10th. Scotiabank set a C$40.00 price target on Stantec and gave the stock an “outperform” rating in a research report on Thursday, August 10th. Desjardins increased their price target on Stantec from C$39.00 to C$43.00 in a research report on Monday, November 13th. Raymond James Financial increased their price target on Stantec from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, Canaccord Genuity increased their price target on Stantec from C$34.00 to C$36.00 in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$39.38.
Stantec (STN) opened at C$34.31 on Monday. Stantec has a twelve month low of C$30.24 and a twelve month high of C$37.13.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be given a $0.125 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.50 annualized dividend and a dividend yield of 1.46%. Stantec’s dividend payout ratio is currently 48.27%.
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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