$668.00 Million in Sales Expected for Stantec Inc. (STN) This Quarter
Equities research analysts expect Stantec Inc. (NYSE:STN) (TSE:STN) to post sales of $668.00 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Stantec’s earnings. The lowest sales estimate is $658.36 million and the highest is $686.04 million. Stantec reported sales of $614.47 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The business is scheduled to report its next earnings report before the market opens on Thursday, February 22nd.
On average, analysts expect that Stantec will report full-year sales of $668.00 million for the current year, with estimates ranging from $2.70 billion to $2.75 billion. For the next financial year, analysts forecast that the company will post sales of $2.95 billion per share, with estimates ranging from $2.83 billion to $3.11 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Stantec.
A number of equities analysts have issued reports on STN shares. Zacks Investment Research lowered Stantec from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Royal Bank of Canada started coverage on Stantec in a research report on Monday, October 23rd. They issued a “sector perform” rating and a $40.00 target price on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.00.
Stantec (STN) opened at $27.90 on Wednesday. Stantec has a 52-week low of $22.25 and a 52-week high of $29.25. The stock has a market capitalization of $3,156.28, a P/E ratio of 36.04 and a beta of 1.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.45 and a quick ratio of 1.45.
Stantec declared that its Board of Directors has initiated a share buyback plan on Thursday, November 9th that allows the company to repurchase 2,280,000 outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
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 operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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