Stantec Inc. (TSE:STN) (NYSE:STN) – Equities researchers at National Bank Financial dropped their FY2019 earnings estimates for shares of Stantec in a note issued to investors on Wednesday, September 12th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $2.16 for the year, down from their previous estimate of $2.20.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Wednesday, August 8th. The company reported C$0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.54 by C($0.13). Stantec had a return on equity of 2.39% and a net margin of 1.40%. The business had revenue of C$907.80 million for the quarter, compared to analysts’ expectations of C$904.15 million.

Several other research analysts also recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of Stantec from C$40.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 4th. CIBC cut shares of Stantec from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 5th. Finally, Canaccord Genuity upgraded shares of Stantec from a “hold” rating to a “buy” rating and raised their target price for the stock from C$34.00 to C$37.00 in a research note on Thursday, August 9th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$37.55.

Shares of Stantec stock opened at C$32.69 on Monday. Stantec has a 1 year low of C$30.97 and a 1 year high of C$37.13.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Friday, September 28th will be paid a $0.138 dividend. This represents a $0.55 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, September 27th.

In related news, Director Paul Jeremy David Alpern sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 26th. The shares were sold at an average price of C$34.05, for a total value of C$340,500.00. Also, Director Michael Aloysius Kennedy acquired 1,000 shares of Stantec stock in a transaction that occurred on Friday, September 7th. The stock was bought at an average price of C$25.33 per share, with a total value of C$25,330.00.

Stantec Company Profile

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 four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.

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Earnings History and Estimates for Stantec (TSE:STN)

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