FY2024 Earnings Estimate for Stantec Issued By Raymond James

Stantec Inc. (NYSE:STN) (TSE:STN) – Raymond James dropped their FY2024 earnings estimates for Stantec in a research note issued to investors on Tuesday, January 21st. Raymond James analyst F. Bastien now anticipates that the business services provider will post earnings of $2.97 per share for the year, down from their prior estimate of $3.10. The consensus estimate for Stantec’s current full-year earnings is $3.05 per share. Raymond James also issued estimates for Stantec’s Q4 2024 earnings at $0.66 EPS, Q2 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.82 EPS, Q3 2026 earnings at $1.15 EPS and Q4 2026 earnings at $1.00 EPS.

A number of other research analysts have also recently weighed in on the stock. Scotiabank began coverage on shares of Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating on the stock. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Finally, Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Stantec presently has a consensus rating of “Moderate Buy”.

Stantec Trading Up 0.5 %

STN stock opened at $81.26 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 36.93 and a beta of 1.01. The business has a fifty day simple moving average of $81.34 and a 200-day simple moving average of $82.16. Stantec has a 52 week low of $74.98 and a 52 week high of $88.42.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Thursday, November 7th. The business services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. Stantec had a net margin of 4.78% and a return on equity of 16.57%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the company earned $0.85 EPS.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.76%. This is a positive change from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, December 31st. Stantec’s dividend payout ratio is presently 26.36%.

Institutional Trading of Stantec

A number of hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC grew its holdings in Stantec by 5.2% during the 4th quarter. Jennison Associates LLC now owns 103,304 shares of the business services provider’s stock worth $8,101,000 after acquiring an additional 5,129 shares in the last quarter. Cibc World Market Inc. increased its holdings in Stantec by 4.5% in the fourth quarter. Cibc World Market Inc. now owns 228,418 shares of the business services provider’s stock valued at $17,914,000 after buying an additional 9,802 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Stantec during the fourth quarter valued at approximately $1,635,000. Blue Trust Inc. lifted its holdings in Stantec by 78.4% during the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the business services provider’s stock worth $140,000 after buying an additional 764 shares during the last quarter. Finally, Canoe Financial LP grew its position in shares of Stantec by 1,011.1% in the 4th quarter. Canoe Financial LP now owns 83,755 shares of the business services provider’s stock worth $6,567,000 after acquiring an additional 76,217 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Company Profile

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.