FY2019 EPS Estimates for Stantec Inc. (STN) Cut by National Bank Financial
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.
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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