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%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec increased its stake in Stantec by 16.6% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,141,012 shares of the business services provider’s stock valued at $183,540,000 after purchasing an additional 1,014,400 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its position in Stantec by 8.1% during the second quarter. Grandeur Peak Global Advisors LLC now owns 1,969,798 shares of the business services provider’s stock worth $50,710,000 after buying an additional 147,725 shares in the last quarter. Van Berkom & Associates Inc. increased its position in Stantec by 4.0% during the second quarter. Van Berkom & Associates Inc. now owns 1,340,580 shares of the business services provider’s stock worth $34,421,000 after buying an additional 51,728 shares in the last quarter. TD Asset Management Inc. increased its position in Stantec by 54.7% during the second quarter. TD Asset Management Inc. now owns 1,034,040 shares of the business services provider’s stock worth $26,577,000 after buying an additional 365,729 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Stantec by 1.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 716,881 shares of the business services provider’s stock worth $17,814,000 after buying an additional 10,500 shares in the last quarter. 58.51% of the stock is owned by hedge funds and other institutional investors.

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.

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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 for Stantec (NYSE:STN)

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