Stantec (STN) to Release Earnings on Thursday

Stantec (NYSE:STN) (TSE:STN) will issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect Stantec to post earnings of $0.91 per share for the quarter. Stantec has set its FY 2024 guidance at 3.050-3.150 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Stantec had a return on equity of 16.22% and a net margin of 4.96%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. On average, analysts expect Stantec to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Stantec Stock Performance

Shares of NYSE STN traded up $0.56 during midday trading on Tuesday, reaching $82.95. 10,648 shares of the company traded hands, compared to its average volume of 117,661. The stock has a 50-day moving average price of $81.29 and a 200 day moving average price of $82.31. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 36.78 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.39 and a quick ratio of 1.39. Stantec has a 52 week low of $61.81 and a 52 week high of $88.42.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.152 dividend. This represents a $0.61 annualized dividend and a yield of 0.73%. The ex-dividend date was Friday, September 27th. Stantec’s dividend payout ratio (DPR) is presently 27.68%.

Analyst Ratings Changes

Several brokerages have recently commented on STN. Scotiabank started coverage on Stantec in a report on Friday, October 25th. They set a “sector outperform” rating for the company. Raymond James cut shares of Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th.

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.