Stantec (STN) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS
Stantec (NYSE:STN) (TSE:STN) posted its quarterly earnings results on Thursday. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.07), MarketWatch Earnings reports. The business had revenue of $690.05 million during the quarter, compared to analyst estimates of $699.73 million. Stantec had a net margin of 2.58% and a return on equity of 10.09%.
NYSE STN traded down $1.76 during mid-day trading on Friday, hitting $24.22. The stock had a trading volume of 31,624 shares, compared to its average volume of 27,797. Stantec has a 52-week low of $23.95 and a 52-week high of $29.25. The company has a market capitalization of $3.02 billion, a P/E ratio of 17.81 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Investors of record on Friday, December 28th will be paid a $0.1049 dividend. This represents a $0.42 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, December 27th. Stantec’s payout ratio is currently 30.88%.
Several research firms have recently commented on STN. Zacks Investment Research raised Stantec from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Raymond James cut Stantec from an “outperform” rating to a “market perform” rating in a report on Friday. CIBC downgraded Stantec to a “hold” rating in a research note on Friday. Royal Bank of Canada reaffirmed a “hold” rating on shares of Stantec in a research note on Friday. Finally, ValuEngine raised Stantec from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $29.00.
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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