Stantec Inc. to Post FY2017 Earnings of $1.93 Per Share, KeyCorp Forecasts (STN)

Stantec Inc. (TSE:STN) (NYSE:STN) – Investment analysts at KeyCorp decreased their FY2017 earnings estimates for shares of Stantec in a research note issued to investors on Wednesday. KeyCorp analyst T. Afzal now anticipates that the company will earn $1.93 per share for the year, down from their prior forecast of $1.95. KeyCorp also issued estimates for Stantec’s Q4 2017 earnings at $0.49 EPS.

A number of other brokerages also recently issued reports on STN. Canaccord Genuity increased their target price on shares of Stantec from C$34.00 to C$36.00 in a research report on Tuesday, October 31st. Desjardins increased their target price on shares of Stantec from C$39.00 to C$43.00 in a research report on Monday, November 13th. CIBC increased their target price on shares of Stantec from C$37.00 to C$38.00 in a research report on Monday, November 13th. Royal Bank Of Canada reissued a “sector perform” rating and set a C$40.00 target price on shares of Stantec in a research report on Monday, October 23rd. Finally, Scotiabank reissued an “outperform” rating and set a C$40.00 target price on shares of Stantec in a research report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$39.43.

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Shares of Stantec (TSE:STN) opened at C$35.41 on Monday. Stantec has a 52-week low of C$30.24 and a 52-week high of C$37.13.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, December 28th. Stantec’s dividend payout ratio is presently 48.27%.

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 operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

Earnings History and Estimates for Stantec (TSE:STN)

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