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

Stantec Inc. (TSE:STN) (NYSE:STN) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders 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 dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, June 28th.

Stantec Trading Down 3.6 %

Shares of STN stock opened at C$112.43 on Friday. The company’s 50-day moving average price is C$112.53 and its 200-day moving average price is C$105.89. Stantec has a twelve month low of C$77.00 and a twelve month high of C$118.39. The company has a current ratio of 1.41, a quick ratio of 1.46 and a debt-to-equity ratio of 62.82. The stock has a market cap of C$12.82 billion, a price-to-earnings ratio of 37.73, a PEG ratio of 1.46 and a beta of 0.87.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.86 by C($0.04). The business had revenue of C$1.24 billion for the quarter, compared to analyst estimates of C$1.22 billion. Stantec had a return on equity of 13.14% and a net margin of 6.54%. As a group, equities analysts predict that Stantec will post 4.2454998 earnings per share for the current year.

Analyst Ratings Changes

STN has been the topic of a number of recent research reports. Atb Cap Markets lowered shares of Stantec from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 29th. Royal Bank of Canada raised their target price on Stantec from C$121.00 to C$123.00 and gave the company an “outperform” rating in a report on Friday, March 1st. National Bankshares raised their price target on Stantec from C$116.00 to C$126.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. CIBC boosted their target price on shares of Stantec from C$116.00 to C$120.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, ATB Capital downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$115.00 to C$120.00 in a research note on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Stantec currently has an average rating of “Moderate Buy” and a consensus target price of C$120.46.

Insiders Place Their Bets

In other Stantec news, Director Steve Marvin Fleck sold 2,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$116.02, for a total value of C$232,040.00. 0.27% of the stock is owned by corporate insiders.

About Stantec

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.