Stantec Inc. (NYSE:STN) announced a quarterly dividend on Thursday, August 4th. Shareholders of record on Friday, September 30th will be given a dividend of 0.0863 per share on Thursday, October 13th. This represents a $0.35 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, September 28th.
Shares of Stantec (NYSE:STN) opened at 22.75 on Tuesday. Stantec has a 52-week low of $20.71 and a 52-week high of $26.87. The firm’s 50-day moving average is $23.42 and its 200 day moving average is $24.66. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 23.05 and a beta of 1.36.
Stantec (NYSE:STN) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $591.70 million. Stantec had a net margin of 3.88% and a return on equity of 10.55%. Equities analysts expect that Stantec will post $1.31 EPS for the current year.
STN has been the topic of several analyst reports. Desjardins cut shares of Stantec from a “buy” rating to a “hold” rating in a research note on Friday, June 3rd. Canaccord Genuity restated a “hold” rating on shares of Stantec in a research report on Friday, June 3rd. TD Securities restated a “hold” rating and set a $37.00 price objective (up from $35.00) on shares of Stantec in a research report on Monday, June 6th. Zacks Investment Research downgraded shares of Stantec from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Finally, Scotiabank downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $36.00 to $34.00 in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Stantec has an average rating of “Hold” and a consensus price target of $32.50.
A number of hedge funds have recently made changes to their positions in the stock. AXA increased its stake in shares of Stantec by 3.8% in the second quarter. AXA now owns 8,100 shares of the company’s stock worth $195,000 after buying an additional 300 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Stantec by 18.6% in the second quarter. Bank of Nova Scotia now owns 30,781 shares of the company’s stock worth $746,000 after buying an additional 4,825 shares in the last quarter. Allianz Asset Management AG increased its stake in shares of Stantec by 6.8% in the second quarter. Allianz Asset Management AG now owns 77,219 shares of the company’s stock worth $1,863,000 after buying an additional 4,889 shares in the last quarter. Raymond James & Associates increased its stake in shares of Stantec by 8.3% in the second quarter. Raymond James & Associates now owns 90,878 shares of the company’s stock worth $2,198,000 after buying an additional 7,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Stantec during the second quarter worth about $205,000. Institutional investors own 54.10% of the company’s stock.
Stantec Company Profile
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s segment is Consulting Services. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.
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