SNC.TO - SNC-Lavalin Group Inc.

Toronto - Toronto Delayed Price. Currency in CAD
23.21
+0.02 (+0.09%)
At close: 4:00PM EST
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Previous Close23.19
Open23.50
Bid23.20 x 0
Ask23.21 x 0
Day's Range22.97 - 23.72
52 Week Range15.47 - 48.88
Volume811,943
Avg. Volume1,428,050
Market Cap4B
Beta (3Y Monthly)0.57
PE Ratio (TTM)N/A
EPS (TTM)-5.57
Earnings DateFeb. 20, 2020 - Feb. 24, 2020
Forward Dividend & Yield0.08 (0.34%)
Ex-Dividend Date2019-11-13
1y Target Est32.04
  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (17,035.88, up 3.02 points.)Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Up two cents, or 0.11 per cent, to $18.27 on 31.2 million shares.Trevali Mining Corp. (TSX:TV). Materials. Down one cent, or 6.06 per cent, to 15.5 cents on 19.8 million shares.Tourmaline Oil Corp. (TSX:TOU). Energy, Down 48 cents, or 3.73 per cent, to $12.40 on 15.9 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down 12 cents, or 3.6 per cent, to $3.21 on 12.5 million shares.The Green Organic Dutchman Holdings (TSX:TGOD). Health care. Down 16 cents, or 17.98 per cent, to 73 cents on 11.4 million shares.SNC-Lavalin Group Inc. (TSX:SNC). Industrials. Down 31 cents, or 1.31 per cent, to $23.41 on 11.1 million shares. Companies in the news:Canadian National Railway Co. (TSX:CNR). Up $1.58 or 1.3 per cent to $122.49. Canada's largest railway and Teamsters Canada have reached a tentative deal to renew a collective agreement for more than 3,000 workers, ending a strike that triggered layoffs, disrupted industries and halted bulk and container shipments. Normal operations at Canadian National Railway Co. will resume Wednesday at 6 a.m. local time across Canada, the union said. Details of the settlement agreement, which must be ratified by union members, were not immediately available. Ratification is expected within eight weeks. About 3,200 CN conductors, trainpersons and yard workers across the country, who have been without a contract since July 23, have been off the job since early last Tuesday morning over worries about long hours, fatigue and what they consider dangerous working conditions.Alimentation Couche-Tard Inc. (TSX:ATD.B). Up 38 cents to $43.34. Alimentation Couche-Tard Inc. is proposing the largest acquisition in the company's history with a $7.7 billion deal for Australia's largest retail fuel and convenience chain. The unsolicited purchase offer for Sydney-based Caltex Australia Ltd. — its second this year — would allow the Quebec-based retailer to expand beyond North America and Europe as it aims to double the company's size. Couche-Tard CEO Brian Hannasch described the proposal as "a very compelling offer" for Caltex shareholders.The Bank of Nova Scotia (TSX:BNS). Down 62 cents to $75.18. The Bank of Nova Scotia is expecting a strong performance from its Canadian banking segment next year driven by higher contributions from business banking, credit cards and growth of Tangerine digital banking. The bank's domestic operations are forecast to contribute 30 to 40 per cent of all bank earnings in 2020, with international banking at 25 to 30 per cent, global banking and markets at 15 to 20 per cent and global wealth management at about 15 per cent. The bank said it earned $2.31 billion for the three-month period ended Oct. 31 compared with a profit of $2.27 billion in the same quarter last year.Newmont Goldcorp Corp. (TSX:NGT). Up 25 cents to $50.52. Evolution Mining Ltd. says it will invest US$150 million over the next three years in the "undercapitalized" Red Lake gold complex in western Ontario after striking a deal to buy it for US$375 million from Newmont Goldcorp Corp. In a news release, the Australian company says it plans to spend US$50 million on exploration and invest US$100 million in existing operations at the underground mining complex if the acquisition closes as expected by the end of March. Evolution says it has also agreed to boost the price by up to US$100 million payable upon new resource discovery.This report by The Canadian Press was first published Nov. 26, 2019.The Canadian Press

  • Thomson Reuters StreetEvents

    Edited Transcript of SNC.TO earnings conference call or presentation 31-Oct-19 12:30pm GMT

    Q3 2019 SNC-Lavalin Group Inc Earnings Call

  • Introducing SNC-Lavalin Group (TSE:SNC), The Stock That Slid 52% In The Last Three Years
    Simply Wall St.

    Introducing SNC-Lavalin Group (TSE:SNC), The Stock That Slid 52% In The Last Three Years

    Over the last month the SNC-Lavalin Group Inc. (TSE:SNC) has been much stronger than before, rebounding by 60%. But...

  • Is This Scandal-Plagued Company a Good Buy After a Trudeau Victory?
    The Motley Fool

    Is This Scandal-Plagued Company a Good Buy After a Trudeau Victory?

    Despite Trudeau’s victory at the polls, it’s risky to buy the SNC-Lavalin stock. The prominent engineering company is not out of the woods as it faces a corruption trial.

  • New SNC-Lavalin CEO says plea deal unlikely despite Liberal election win
    The Canadian Press

    New SNC-Lavalin CEO says plea deal unlikely despite Liberal election win

    MONTREAL — The head of SNC-Lavalin Group Inc. says he is not expecting a plea deal on criminal charges against the engineering firm in the wake of the Liberal election victory."We kind of remain focused on defending ourselves through a court process," said Ian Edwards, regarding an upcoming trial on bribery and corruption charges linked to SNC-Lavalin's alleged dealings in Libya between 2001 and 2011. "Obviously if there were opportunities for settling this in another way, we'd be open to that. But we don't expect it," he said on a conference call with investors Thursday.SNC-Lavalin shares shot up 14 per cent the day after an Oct. 21 Liberal election win, which left the door open to a deferred prosecution agreement that would head off criminal prosecution.Attorney General David Lametti has refused to shut down the possibility of such an agreement, which would drop the charges against the firm in exchange for SNC admitting responsibility for breaches and agreeing to conditions such as a fine and third-party oversight.On Thursday shares rose nearly 21 per cent or $4.06 to close at $23.81 — their highest in more than three months — after SNC reported earnings that surpassed analyst expectations.The partial sale of SNC's stake in the Ontario Highway 407 toll road drove a massive year-over-year profit increase. About $2.6 billion of the firm's $2.76 billion in net income last quarter — up from $120.7 million a year earlier — came from the after-tax gains of the 407 sale.The engineering services segment played a role too. Its backlog rose nearly 10 per cent year over year to $11.42 billion in the third quarter as SNC signed seven new contracts worth roughly $500 million. Segment revenue jumped more than 11 per cent to $1.58 billion.Edwards, who was appointed president and chief executive Thursday after serving in an interim role since June, sought to showcase the fruits of his vision for the company. The firm is pivoting away from big, fixed-price construction contracts — where the bidder shoulders any cost overruns — towards a more stable business model that revolves around engineering services."It is still early days, but the decisions we made in July — to exit lump-sum turnkey construction contracting and reorganize the company to focus on our high-performing engineering services business — are demonstrating results, and I am encouraged by our progress," Edwards said in a release.SNC-Lavalin reduced its backlog of large, fixed-price contracts — which it aims to work off in the next two years — to $3.2 billion from $3.4 billion three months earlier. The bulk of them relate to light-rail projects in Canada, "which have traditionally...gone well for us," Edwards said.Some half-billion dollars' worth of the lump-sum turnkey projects are for oil and gas, however, which do not have a history of turning a profit, he added.Last October shares plunged after SNC-Lavalin revealed that federal prosecutors would not negotiate a deal, despite Prime Minister Justin Trudeau pressuring then-attorney general Jody Wilson Raybould to reverse their stance.The firm's upcoming trial concerns charges of fraud under the Criminal Code and bribery under the Corruption of Foreign Public Officials Act.The Caisse, Quebec's pension fund manager and SNC-Lavalin's biggest shareholder at 19.9 per cent, said it backs Edwards' appointment as CEO."Since taking the reins of the company a few months ago, he's clearly put emphasis on execution challenges. That's a good starting point for the work ahead," the Caisse told The Canadian Press in an email.Revenue for the three-month period ended Sept. 30 totalled $2.43 billion, down from $2.56 billion.On an adjusted basis, which excluded the 407 sale, SNC said it earned $218.0 million or $1.24 per share in its third quarter, up from an adjusted profit of $168.4 million or 96 cents per share a year ago.The results topped analyst expectations of adjusted income of $97.7 million or 26 cents per share, according to financial markets data firm Refinitiv.This report by The Canadian Press was first published Oct. 31, 2019.Companies in this story: (TSX:SNC)Christopher Reynolds, The Canadian Press

  • Will SNC-Lavalin (TSX:SNC) Stock Rebound With New CEO?
    The Motley Fool

    Will SNC-Lavalin (TSX:SNC) Stock Rebound With New CEO?

    On Thursday, SNC-Lavalin Group Inc (TSX:SNC) made a comforting announcement to accompany its earnings call for the quarter ended September 30.

  • The Canadian Election Could Be a Giant Win for This Embattled Stock
    The Motley Fool

    The Canadian Election Could Be a Giant Win for This Embattled Stock

    SNC Lavalin (TSX:SNC) has faced a lot of difficulties this year, but the recent Canadian elections could have triggered a buy signal for embattled shares.

  • CNW Group

    SNC-Lavalin Reports Third Quarter Results for 2019

    New strategic direction demonstrating results; SNCL Engineering Services delivers strong EBIT To watch Ian L. Edwards provide an overview of the third quarter results for 2019 and explain how SNC-Lavalin ...

  • CNW Group

    SNC-Lavalin appoints Ian L. Edwards as President and Chief Executive Officer

    MONTREAL, Oct. 31, 2019 /CNW Telbec/ - SNC-Lavalin Group Inc., (TSX:SNC.TO - News) is pleased to announce that its Board of Directors has appointed Ian L. Edwards as President and Chief Executive Officer of the Company, effective immediately. Mr. Edwards was previously appointed as SNC-Lavalin's Interim President and Chief Executive Officer on June 11, 2019. Since that time, Mr. Edwards has actively consulted with investors representing the majority of SNC-Lavalin's shareholder base, and undertaken a comprehensive strategic review of the business, which resulted in the July 22, 2019 decision to exit lump-sum turnkey contracting.

  • CNW Group

    /R E P E A T -- SNC-Lavalin to hold third quarter earnings conference call and webcast on October 31, 2019/

    MONTREAL , Oct. 15, 2019 /CNW Telbec/ - SNC-Lavalin Group Inc. (TSX: SNC) will hold a conference call to review results for its third quarter 2019. The public is invited to listen to the conference call ...

  • Forget SNC Lavalin (TSX:SNC): Consider These 2 Alternatives Instead
    The Motley Fool

    Forget SNC Lavalin (TSX:SNC): Consider These 2 Alternatives Instead

    WSP Global Inc (TSX:WSP) and Aecon Group Inc (TSX:ARE) are two attractive and less-risky alternatives in the engineering and construction space.

  • CNW Group

    SNC-Lavalin wins contract to progress decommissioning of German Lingen nuclear power plant

    MONTREAL , Oct. 30, 2019 /CNW Telbec/ - Through its wholly owned subsidiary Atkins Energy Germany GmbH, SNC-Lavalin (TSX: SNC) has won a contract from RWE Nuclear GmbH to progress the decommissioning of ...

  • CNW Group

    SNC-Lavalin wins UK highways improvement contract

    MONTREAL , Oct. 29, 2019 /CNW Telbec/ - SNC-Lavalin's (TSX: SNC) Atkins business has been appointed by Highways England as Principal Designer for road improvement schemes in the East of England . The contract, ...

  • Is This Stock the Big Winner From Monday’s Election Results?
    The Motley Fool

    Is This Stock the Big Winner From Monday’s Election Results?

    SNC-Lavalin Group Inc (TSX:SNC) stock got a big boost upon learning the Liberals would be staying in power.

  • SNC-Lavalin (TSX:SNC): A Post-Election Dead Cat Bounce?
    The Motley Fool

    SNC-Lavalin (TSX:SNC): A Post-Election Dead Cat Bounce?

    Trudeau's Liberals have thus far refused to rule out a plea deal with SNC Lavalin (TSX:SNC). Is a minority Government exactly what the company needed?

  • SNC-Lavalin (TSX:SNC) Soars on Trudeau Election Win
    The Motley Fool

    SNC-Lavalin (TSX:SNC) Soars on Trudeau Election Win

    After the Liberal Party election win, Justin Trudeau will remain prime minister in Canada, sending SNC-Lavalin (TSX:SNC) shares up 14%.

  • SNC-Lavalin shares up amid hope of possible plea deal after 2019 federal election
    The Canadian Press

    SNC-Lavalin shares up amid hope of possible plea deal after 2019 federal election

    MONTREAL — SNC-Lavalin Group Inc. shares shot up Tuesday after the Liberal election win left open the possibility of a plea deal on fraud and corruption charges against the engineering firm.The beleaguered company's shares closed up nearly 14 per cent or $2.44 at $20.12, buoyed by investor hopes that the Liberal refusal to close the door on a deferred prosecution agreement will play out to SNC-Lavalin's advantage ahead of a criminal trial."It's good for SNC," Prof. Karl Moore of McGill University's Desautels Faculty of Management said of the newly elected Liberal minority government in Ottawa."I think the market sees it, not unreasonably, that they are in better shape than if the Conservatives had come in."Conservative Leader Andrew Scheer has lambasted Prime Minister Justin Trudeau for allegedly pressuring former attorney general Jody Wilson-Raybould to halt the criminal prosecution of SNC-Lavalin.Canada's ethics commissioner concluded in August that Trudeau breached a section of the ethics code. Trudeau has said he disagrees with the commissioner's findings but accepts them.Analyst Chris Murray of Altacorp Capital said that a resurgent Bloc Quebecois, which more than tripled its seat count to 32 on Monday, could fan hopes that the new Parliament might work to help the Montreal-based multinational."With the performance of the BQ and the fact of a minority government, maybe some folks are optimistic that there could be a solution presented," Murray said."I'd also caution that there is a lot of history here...While it is up, I would be cautious [about] getting too optimistic," he added.SNC-Lavalin declined to discuss the government's intentions or comment on the ongoing court case. It is due back in court on Dec. 18.Attorney General David Lametti has refused to shut down the possibility of a remediation agreement with SNC.The company has seen its market value fall by roughly 60 per cent since January amid the SNC political scandal in Ottawa.SNC faces an upcoming trial on charges of fraud under the Criminal Code and bribery under the Corruption of Foreign Public Officials Act.Its shares plunged last October after the company revealed that federal prosecutors would not negotiate a deal that could reduce the time SNC spends in court fighting the charges laid against it in 2015.Last month interim chief executive Ian Edwards announced the company will quit the field of big, fixed-price construction contracts — where the bidder shoulders any cost overruns — and pivot to a more stable business model that revolves around engineering services."After a challenging first half of 2019, SNC is on a road to recovery with several positive steps including simplifying its business and limiting its exposure towards lump-sum turnkey (LSTK) construction projects," said Laurentian Bank Securities analyst Nauman Satti in a note to investors Monday.Satti said investor confidence "should gradually start to recover" as the firm runs off the bulk of its $4.6-billion LSTK backlog."The completion of the partial sale of Hwy. 407 asset has provided a much needed improvement to the balance sheet, albeit at the expense of a good asset," he added.Spanish multinational Ferrovial S.A. is currently appealing a court decision that cleared the way for SNC's partial sale of its stake in the Ontario toll road to the Canada Pension Plan Investment Board, the proceeds of which the company plans to put toward debt repayment, including a $600-million payment on a loan from the Caisse.This report by The Canadian Press was first published Oct. 22, 2019.Companies in this story: (TSX:SNC)Julien Arsenault and Christopher Reynolds, The Canadian Press

  • 3 Mid-Cap Stocks Poised to Pop
    The Motley Fool

    3 Mid-Cap Stocks Poised to Pop

    This trio of mid-cap stocks, including Linamar (TSX:LNR), could provide the risk/reward balance you need.

  • 2 Stocks I Wouldn’t Put in My TFSA
    The Motley Fool

    2 Stocks I Wouldn’t Put in My TFSA

    SNC-Lavalin Group Inc. (TSX:SNC) and Just Energy Group Inc. (TSX:JE)(NYSE:JE) are no longer generous dividend payers. Both stocks are not worthy to be in a TFSA today.

  • CNW Group

    SNC-Lavalin to hold third quarter earnings conference call and webcast on October 31, 2019

    MONTREAL , Oct. 15, 2019 /CNW Telbec/ - SNC-Lavalin Group Inc. (TSX: SNC) will hold a conference call to review results for its third quarter 2019. The public is invited to listen to the conference call ...

  • Why SNC-Lavalin Group (TSX:SNC) Stock Rose 13% in September
    The Motley Fool

    Why SNC-Lavalin Group (TSX:SNC) Stock Rose 13% in September

    SNC-Lavalin Group Inc. (TSX:SNC) has taken a beating in 2019, but the stock finally generated positive returns last month.

  • SNC-Lavalin reaches settlement over Chile mining contract termination
    The Canadian Press

    SNC-Lavalin reaches settlement over Chile mining contract termination

    MONTREAL — SNC-Lavalin Group Inc. says it has reached a settlement with Chile's state-owned copper mining company about its decision last March to terminate a US$260-million mining and metallurgy contract.No financial details were provided but the Montreal-based company said the settlement will have no material impact on its previously reported results and will eliminate the potential for any future risk.The settlement with Codelco includes the immediate termination of all arbitration procedures and follows its decision to exit lump-sum turnkey or fixed-price projects — where the bid winner eats any cost overruns.SNC interim CEO Ian Edwards said in a news release that settling outstanding claims is a key priority while it focuses on completing outstanding projects.Derek Spronck of RBC Capital Markets says he wasn't anticipating any Codelco compensation but the settlement removes the potential for additional Codelco-related losses in subsequent quarters.This report by The Canadian Press was first published Oct. 11, 2019.Companies in this story: (TSX:SNC).The Canadian Press

  • CNW Group

    SNC-Lavalin reaches settlement with Codelco on Acid Plant Project, further de-risking the Lump-Sum Turnkey backlog

    MONTREAL , Oct. 11, 2019 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) today announced it has reached a full and final settlement with Codelco, following Codelco's decision to terminate its Mining & Metallurgy ...

  • CNW Group

    SNC-Lavalin selected for up to $20 million US Georgia Department of Transportation contract for Safety Design Services

    MONTREAL , Oct. 9, 2019 /CNW Telbec/ - SNC-Lavalin's (TSX: SNC) Atkins business was once again selected as prime consultant under an up to $20 million USD , three-year contract with two one-year optional ...