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

Stantec Inc. (TSE:STN) (NYSE:STN) declared a quarterly dividend on Wednesday, August 7th, Zacks reports. Stockholders of record on Friday, September 27th will be given a dividend of 0.21 per share on Tuesday, October 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, September 27th.

Stantec Price Performance

Stantec has a 1 year low of C$82.50 and a 1 year high of C$122.57. The firm’s 50-day moving average is C$112.62 and its 200 day moving average is C$112.64. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The company has a market capitalization of C$12.42 billion, a PE ratio of 35.84, a P/E/G ratio of 1.46 and a beta of 0.83.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$1.12 EPS for the quarter, topping the consensus estimate of C$1.11 by C$0.01. Stantec had a return on equity of 12.91% and a net margin of 6.31%. The company had revenue of C$1.49 billion during the quarter, compared to analyst estimates of C$1.49 billion. As a group, equities analysts expect that Stantec will post 5.0556845 EPS for the current year.

Insider Buying and Selling

In other news, Director Asifa Samji bought 300 shares of the stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the purchase, the director now directly owns 840 shares in the company, valued at C$92,190. In other Stantec news, Director Catherine Margaret Schefer purchased 605 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were acquired at an average price of C$114.22 per share, for a total transaction of C$69,102.50. Also, Director Asifa Samji acquired 300 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average price of C$109.75 per share, for a total transaction of C$32,925.00. Following the acquisition, the director now owns 840 shares of the company’s stock, valued at C$92,190. Insiders bought a total of 3,050 shares of company stock worth $343,739 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Raymond James lowered Stantec from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. BMO Capital Markets lifted their price objective on Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$120.69.

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.