Stantec (STN) Scheduled to Post Earnings on Thursday

Stantec (TSE:STN) (NYSE:STN) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Stantec to post earnings of C$1.25 per share for the quarter.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, August 7th. The company reported C$1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.11 by C$0.01. The firm had revenue of C$1.49 billion for the quarter, compared to analysts’ expectations of C$1.49 billion. Stantec had a net margin of 6.31% and a return on equity of 12.91%.

Stantec Stock Up 0.6 %

Shares of TSE STN opened at C$115.35 on Wednesday. The firm’s 50-day moving average price is C$111.20 and its 200-day moving average price is C$112.60. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The stock has a market capitalization of C$13.16 billion, a price-to-earnings ratio of 37.94, a P/E/G ratio of 1.46 and a beta of 0.82. Stantec has a 12-month low of C$85.01 and a 12-month high of C$122.57.

Analysts Set New Price Targets

Several brokerages have recently issued reports on STN. Stifel Nicolaus upped their target price on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. BMO Capital Markets upped their target price on shares of Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Canaccord Genuity Group upped their price target on shares of Stantec from C$120.00 to C$125.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Scotiabank upgraded shares of Stantec to a “strong-buy” rating in a report on Friday, October 25th. Finally, Raymond James downgraded shares of Stantec from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$125.00 to C$120.00 in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Stantec has a consensus rating of “Moderate Buy” and a consensus price target of C$123.50.

Insiders Place Their Bets

In related news, Director Vito Culmone purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was acquired at an average price of C$112.97 per share, with a total value of C$225,940.00. In other Stantec news, Director Vito Culmone acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average price of C$112.97 per share, for a total transaction of C$225,940.00. Also, Director Asifa Samji acquired 300 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average price of C$109.75 per share, for a total transaction of C$32,925.00. Following the purchase, the director now directly owns 840 shares of the company’s stock, valued at approximately C$92,190. This trade represents a 0.00 % increase in their ownership of the stock. Over the last quarter, insiders purchased 2,445 shares of company stock valued at $274,636. Insiders own 0.27% of the company’s stock.

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.