Stantec Inc. (STN) to Issue Quarterly Dividend of $0.21 on July 15th

Stantec Inc. (TSE:STN) (NYSE:STN) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.21 per share on Monday, July 15th. This represents a $0.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, June 28th.

Stantec Stock Down 1.0 %

TSE:STN traded down C$1.12 during trading hours on Friday, hitting C$111.31. 83,505 shares of the company’s stock traded hands, compared to its average volume of 263,239. Stantec has a twelve month low of C$77.00 and a twelve month high of C$118.39. The company has a debt-to-equity ratio of 62.82, a quick ratio of 1.46 and a current ratio of 1.41. The stock’s fifty day moving average price is C$112.53 and its two-hundred day moving average price is C$105.89. The firm has a market cap of C$12.70 billion, a P/E ratio of 37.73, a P/E/G ratio of 1.46 and a beta of 0.87.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.86 by C($0.04). Stantec had a return on equity of 13.14% and a net margin of 6.54%. The firm had revenue of C$1.24 billion for the quarter, compared to analyst estimates of C$1.22 billion. On average, research analysts expect that Stantec will post 4.2454998 earnings per share for the current fiscal year.

Insider Activity at Stantec

In related news, Director Steve Marvin Fleck sold 2,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$116.02, for a total value of C$232,040.00. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on STN shares. TD Securities upped their price target on shares of Stantec from C$125.00 to C$130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Scotiabank upped their target price on Stantec from C$119.00 to C$120.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 2nd. National Bankshares raised their price target on shares of Stantec from C$116.00 to C$126.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Royal Bank of Canada boosted their target price on shares of Stantec from C$121.00 to C$123.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, CIBC upped their target price on Stantec from C$116.00 to C$120.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$120.46.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.