Student Transportation Inc (NASDAQ:STB) (TSE:STB) is scheduled to issue its quarterly earnings data before the market opens on Thursday, September 14th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
Shares of Student Transportation Inc (NASDAQ STB) opened at 6.07 on Tuesday. The firm has a market cap of $573.81 million, a P/E ratio of 78.83 and a beta of 0.75. Student Transportation Inc has a 12 month low of $5.37 and a 12 month high of $6.21. The company has a 50-day moving average of $5.91 and a 200-day moving average of $5.88.
Student Transportation declared that its board has approved a stock repurchase program on Friday, May 19th that permits the company to repurchase 9,230,000 shares. This repurchase authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
STB has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Student Transportation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. National Bank Financial cut shares of Student Transportation from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 2nd. Finally, BidaskClub cut shares of Student Transportation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $6.92.
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An institutional investor recently raised its position in Student Transportation stock. Vanguard Group Inc. boosted its holdings in shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 20.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,885 shares of the transportation company’s stock after purchasing an additional 4,669 shares during the period. Vanguard Group Inc.’s holdings in Student Transportation were worth $186,000 at the end of the most recent quarter. Institutional investors and hedge funds own 25.70% of the company’s stock.
Student Transportation Company Profile
Student Transportation Inc is a Canada-based company engaged in providing school bus transportation services in North America. The Company provides school bus and management services to public and private schools in North America and offers services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.
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