What is Scotiabank’s Forecast for Stantec FY2024 Earnings?

Stantec Inc. (TSE:STN) (NYSE:STN) – Research analysts at Scotiabank issued their FY2024 earnings per share (EPS) estimates for shares of Stantec in a report issued on Wednesday, January 8th. Scotiabank analyst J. Goldman expects that the company will earn $4.30 per share 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.

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

Stantec Stock Performance

TSE:STN opened at C$111.32 on Monday. The stock has a 50-day simple moving average of C$116.14 and a two-hundred day simple moving average of C$114.21. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. Stantec has a 52-week low of C$103.48 and a 52-week high of C$123.92. The firm has a market capitalization of C$12.70 billion, a PE ratio of 36.62, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.75%. Stantec’s dividend payout ratio (DPR) is 27.63%.

Insider Buying and Selling

In other Stantec news, Director Vito Culmone acquired 3,000 shares of the stock in a transaction on Monday, December 30th. The stock was acquired at an average price of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is owned by company insiders.

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.