Q1 2024 EPS Estimates for Stantec Inc. (TSE:STN) Reduced by Atb Cap Markets

Stantec Inc. (TSE:STN) (NYSE:STN) – Research analysts at Atb Cap Markets cut their Q1 2024 EPS estimates for Stantec in a research note issued on Wednesday, May 1st. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $0.87 per share for the quarter, down from their previous forecast of $1.00. Atb Cap Markets has a “Sector Perform” rating on the stock. The consensus estimate for Stantec’s current full-year earnings is $4.25 per share. Atb Cap Markets also issued estimates for Stantec’s Q2 2024 earnings at $1.16 EPS and FY2025 earnings at $4.69 EPS.

Other equities research analysts also recently issued reports about the stock. Scotiabank raised their price target on shares of Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a research note on Thursday. Raymond James raised their target price on shares of Stantec from C$120.00 to C$125.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Canaccord Genuity Group boosted their target price on shares of Stantec from C$110.00 to C$120.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Royal Bank of Canada increased their price target on Stantec from C$121.00 to C$123.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets boosted their price objective on Stantec from C$126.00 to C$127.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$120.46.

Stantec Stock Performance

Stantec stock opened at C$114.52 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.41 and a debt-to-equity ratio of 62.82. The stock has a market cap of C$13.06 billion, a PE ratio of 38.43, a P/E/G ratio of 1.46 and a beta of 0.87. Stantec has a 12-month low of C$77.00 and a 12-month high of C$118.39. The business’s 50-day moving average price is C$112.42 and its two-hundred day moving average price is C$105.07.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.82 EPS for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.04). Stantec had a return on equity of 13.14% and a net margin of 6.54%. The business had revenue of C$1.24 billion for the quarter, compared to analyst estimates of C$1.22 billion.

Insider Transactions at Stantec

In other news, Director Steve Marvin Fleck sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$116.02, for a total value of C$232,040.00. 0.27% of the stock is owned by corporate insiders.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.21 dividend. This is a boost from Stantec’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.73%. Stantec’s dividend payout ratio is presently 28.19%.

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.