Stantec Inc. (USA) (NYSE:STN) standing tall, beats analysts Q2 estimates


Dallas, Texas 09/19/2013 (Financialstrend) – Stantec Inc. (USA) (NYSE:STN) is a company that operates backstage. Thus, it is very easy to overlook its gains in the brightness of gains of its clients. However, do not give this company a miss, as it is a great investment. The company conducts business in areas such as surveying, planning, engineering and designing and projects that involve buildings and infrastructure. It serves clients in the U.S and Canada.

On the global level, it operated 170 locations in North America and has 4 international offices. The company’s clientele is as diverse as its service offerings. It includes those who are involved in transportation, O&G, property development and construction.

Positive growth

Stantec Inc. (USA) (NYSE:STN)’s Q2 yielded positive organic-revenue growth for all the regions that the company operates in. There was a 19.7% rise in its gross-revenue for the quarter to $566.7 million in comparison to the $473.4 million that it stood at in the same quarter in 2012. There was a 16.4% rise in earnings per share to $0.67. These results topped average analysts expectations of EPS of $0.62/share on revenue of $411.10M. This is the 4th consecutive year that Stantec Inc (NYSE:STN) beat the earnings projections.

Wednesday’s trading

In Wednesday’s trading, Stantec Inc. (USA) (NYSE:STN) stock rose by 1.52%. The opening price of the shares was $51.00, which climbed to an intraday high of $52.04 and dropped to a close of $51.57. Approximately 0.566 million shares were bought and sold on Wednesday while the average volume of shares traded over a 30 day period was 0.837 million. The company has a market cap of $2.39 billion.

The company

In September 2011 Stantec Inc. (USA) (NYSE:STN) acquired Bonestroo Services, LLC and Bonestroo Inc. and. In October 2011 it acquired all the business and shares of FSC Architects and Engineers. In October 2011, Stantec Inc (NYSE:STN) acquired all the business and shares of ENTRAN, Inc.