FY2024 Earnings Estimate for Stantec Issued By Raymond James

Stantec Inc. (NYSE:STN) (TSE:STN) – Equities researchers at Raymond James decreased their FY2024 EPS estimates for Stantec in a research report issued to clients and investors on Tuesday, January 21st. Raymond James analyst F. Bastien now expects that the business services provider will earn $2.97 per share for the year, down from their previous estimate of $3.10. The consensus estimate for Stantec’s current full-year earnings is $3.07 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.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company posted $0.85 earnings per share.

Several other equities research analysts also recently issued reports on STN. StockNews.com raised Stantec from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Scotiabank initiated coverage on shares of Stantec in a report on Friday, October 25th. They set a “sector outperform” rating for the company. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy”.

Stantec Stock Performance

Shares of NYSE STN opened at $80.03 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $9.13 billion, a P/E ratio of 36.38 and a beta of 1.01. Stantec has a 12 month low of $74.98 and a 12 month high of $88.42. The stock has a 50 day moving average of $81.40 and a 200-day moving average of $82.19.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, December 31st. Stantec’s dividend payout ratio is presently 26.36%.

Institutional Investors Weigh In On Stantec

Several institutional investors and hedge funds have recently bought and sold shares of the company. Stifel Financial Corp increased its stake in shares of Stantec by 3.1% in the 3rd quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 126 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Stantec by 12.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 129 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Stantec by 5.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider’s stock worth $324,000 after purchasing an additional 196 shares in the last quarter. US Bancorp DE lifted its stake in Stantec by 30.3% in the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 493 shares during the last quarter. Finally, Caprock Group LLC grew its stake in shares of Stantec by 5.6% during the third quarter. Caprock Group LLC now owns 11,091 shares of the business services provider’s stock worth $894,000 after buying an additional 585 shares during the last quarter. Institutional investors 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.