FY2024 Earnings Estimate for Stantec Issued By Scotiabank

Stantec Inc. (TSE:STN) (NYSE:STN) – Research analysts at Scotiabank issued their FY2024 EPS estimates for Stantec in a research report issued on Wednesday, January 8th. Scotiabank analyst J. Goldman forecasts that the company will post earnings per share of $4.30 for the year. Scotiabank currently has a “Strong-Buy” rating on the stock. Scotiabank also issued estimates for Stantec’s FY2025 earnings at $4.82 EPS.

Several other equities analysts have also recently weighed in on STN. Canaccord Genuity Group raised their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. CIBC boosted their price target on Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. BMO Capital Markets increased their price objective on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Finally, Stifel Nicolaus boosted their target price on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$129.50.

Stantec Stock Up 0.3 %

Shares of STN stock opened at C$110.26 on Monday. The firm’s fifty day moving average price is C$116.19 and its two-hundred day moving average price is C$114.22. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. Stantec has a 1 year low of C$103.48 and a 1 year high of C$123.92. The firm has a market capitalization of C$12.58 billion, a P/E ratio of 36.27, a PEG ratio of 1.46 and a beta of 0.82.

Insider Buying and Selling

In other news, Director Vito Culmone bought 4,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of C$121.49 per share, with a total value of C$485,960.00. 0.27% of the stock is currently owned by insiders.

Stantec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Tuesday, December 31st. Stantec’s dividend payout ratio is presently 27.63%.

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.