Stantec Inc. (TSE:STN) to Issue Quarterly Dividend of $0.21

Stantec Inc. (TSE:STN) (NYSE:STN) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Friday, June 28th will be given 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 0.74%. The ex-dividend date of this dividend is Friday, June 28th.

Stantec Trading Up 0.1 %

TSE:STN opened at C$113.76 on Wednesday. Stantec has a 12-month low of C$82.45 and a 12-month high of C$118.39. The firm has a market capitalization of C$12.98 billion, a P/E ratio of 36.82, a P/E/G ratio of 1.46 and a beta of 0.87. The company has a debt-to-equity ratio of 75.54, a current ratio of 1.34 and a quick ratio of 1.46. The business has a 50 day simple moving average of C$111.48 and a 200 day simple moving average of C$110.25.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.86 by C$0.04. Stantec had a return on equity of 13.32% and a net margin of 6.64%. The business had revenue of C$1.37 billion during the quarter, compared to analyst estimates of C$1.36 billion. Equities research analysts predict that Stantec will post 4.2953046 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Canaccord Genuity Group boosted their price objective on Stantec from C$110.00 to C$120.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Royal Bank of Canada lifted their target price on Stantec from C$123.00 to C$125.00 in a research note on Friday, May 10th. CIBC lifted their target price on Stantec from C$116.00 to C$120.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Scotiabank lifted their target price on Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets lifted their target price on Stantec from C$127.00 to C$128.00 in a research note on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$120.85.

Stantec Company Profile

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.