Stantec Inc. Expected to Post Q2 2022 Earnings of $0.84 Per Share (TSE:STN)

Stantec Inc. (TSE:STNGet Rating) (NYSE:STN) – Research analysts at National Bank Financial upped their Q2 2022 earnings per share (EPS) estimates for Stantec in a research note issued to investors on Thursday, May 12th. National Bank Financial analyst M. Sytchev now expects that the company will earn $0.84 per share for the quarter, up from their prior forecast of $0.80. National Bank Financial currently has a “Outperform Overweight” rating on the stock. National Bank Financial also issued estimates for Stantec’s Q3 2022 earnings at $0.89 EPS, FY2022 earnings at $2.98 EPS and FY2023 earnings at $3.30 EPS.

STN has been the topic of several other research reports. Raymond James decreased their price target on Stantec from C$85.00 to C$77.00 and set a “strong-buy” rating on the stock in a research note on Friday. TD Securities cut their price target on Stantec from C$80.00 to C$74.00 and set a “buy” rating for the company in a research note on Friday. National Bankshares raised shares of Stantec from a “sector perform” rating to a “buy” rating and set a C$80.00 price objective on the stock in a research note on Thursday, February 24th. BMO Capital Markets reduced their price target on shares of Stantec from C$78.00 to C$72.00 in a report on Friday. Finally, Scotiabank dropped their price objective on shares of Stantec from C$78.00 to C$72.00 in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$74.25.

STN stock opened at C$54.50 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt-to-equity ratio of 96.07. The company’s 50-day moving average price is C$61.42 and its 200 day moving average price is C$66.01. Stantec has a 52 week low of C$53.05 and a 52 week high of C$73.10. The company has a market cap of C$6.04 billion and a P/E ratio of 30.28.

Stantec (TSE:STNGet Rating) (NYSE:STN) last released its quarterly earnings data on Wednesday, February 23rd. The company reported C$0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.57. The business had revenue of C$916.20 million during the quarter, compared to analysts’ expectations of C$922.52 million.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Thursday, March 31st were issued a dividend of $0.18 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.72 annualized dividend and a dividend yield of 1.32%. Stantec’s payout ratio is presently 36.67%.

In other Stantec news, Director Robert Gomes sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of C$62.50, for a total transaction of C$624,982.00. Following the transaction, the director now owns 155,752 shares in the company, valued at C$9,734,219.65. Over the last quarter, insiders sold 47,644 shares of company stock valued at $2,997,658.

About Stantec (Get Rating)

Stantec Inc provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

Further Reading

Earnings History and Estimates for Stantec (TSE:STN)

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