Stantec Inc. (NYSE:STN) to Post Q3 2022 Earnings of $0.68 Per Share, National Bank Financial Forecasts

Stantec Inc. (NYSE:STNGet Rating) (TSE:STN) – Stock analysts at National Bank Financial boosted their Q3 2022 earnings estimates for shares of Stantec in a research note issued on Thursday, May 12th. National Bank Financial analyst M. Sytchev now anticipates that the business services provider will earn $0.68 per share for the quarter, up from their prior forecast of $0.65. National Bank Financial has a “Outperform” rating on the stock.

Other equities analysts also recently issued research reports about the stock. Raymond James dropped their price target on shares of Stantec from C$85.00 to C$77.00 in a research note on Friday. TD Securities dropped their price target on shares of Stantec from C$80.00 to C$74.00 in a research note on Friday. Zacks Investment Research raised shares of Stantec from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Wednesday, April 27th. Royal Bank of Canada decreased their price objective on shares of Stantec from C$69.00 to C$65.00 in a research report on Friday. Finally, StockNews.com assumed coverage on shares of Stantec in a research report on Thursday, March 31st. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $72.62.

NYSE:STN opened at $42.20 on Monday. The company has a fifty day simple moving average of $48.45 and a two-hundred day simple moving average of $52.08. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 30.14 and a beta of 0.93. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.60. Stantec has a 52 week low of $40.92 and a 52 week high of $58.50.

Stantec (NYSE:STNGet Rating) (TSE:STN) last posted its earnings results on Wednesday, February 23rd. The business services provider reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Stantec had a net margin of 4.06% and a return on equity of 14.21%. The firm had revenue of $726.86 million during the quarter, compared to the consensus estimate of $732.46 million.

Several institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in shares of Stantec by 56.5% during the fourth quarter. Quadrant Capital Group LLC now owns 629 shares of the business services provider’s stock worth $35,000 after acquiring an additional 227 shares during the period. Geode Capital Management LLC grew its position in Stantec by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 47,038 shares of the business services provider’s stock worth $2,642,000 after buying an additional 319 shares during the period. FourThought Financial LLC grew its position in Stantec by 49.3% during the third quarter. FourThought Financial LLC now owns 1,121 shares of the business services provider’s stock worth $52,000 after buying an additional 370 shares during the period. US Bancorp DE grew its position in Stantec by 144.4% during the first quarter. US Bancorp DE now owns 765 shares of the business services provider’s stock worth $38,000 after buying an additional 452 shares during the period. Finally, Signaturefd LLC grew its position in Stantec by 26.9% during the fourth quarter. Signaturefd LLC now owns 2,354 shares of the business services provider’s stock worth $132,000 after buying an additional 499 shares during the period. Institutional investors and hedge funds own 62.35% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.1391 per share. The ex-dividend date is Wednesday, June 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.32%. Stantec’s dividend payout ratio (DPR) is 40.71%.

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.

See Also

Earnings History and Estimates for Stantec (NYSE:STN)

Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.