Stantec Inc. (TSE:STN) Forecasted to Earn Q3 2024 Earnings of $1.27 Per Share

Stantec Inc. (TSE:STN) (NYSE:STN) – Research analysts at Atb Cap Markets raised their Q3 2024 earnings per share estimates for Stantec in a report released on Wednesday, May 1st. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $1.27 per share for the quarter, up from their prior forecast of $1.16. 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 Q4 2024 earnings at $0.97 EPS, FY2024 earnings at $4.27 EPS, Q1 2025 earnings at $1.03 EPS, Q2 2025 earnings at $1.25 EPS, Q3 2025 earnings at $1.36 EPS and Q4 2025 earnings at $1.06 EPS.

Other research analysts have also recently issued reports about the company. BMO Capital Markets upped their price target on Stantec from C$126.00 to C$127.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. National Bankshares raised their target price on Stantec from C$116.00 to C$126.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Royal Bank of Canada boosted their price target on shares of Stantec from C$121.00 to C$123.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Raymond James raised their price objective on shares of Stantec from C$120.00 to C$125.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, ATB Capital downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$115.00 to C$120.00 in a research note on Friday, March 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$120.46.

Stantec Stock Performance

Shares of STN stock opened at C$114.52 on Monday. The company has a debt-to-equity ratio of 62.82, a quick ratio of 1.46 and a current ratio of 1.41. The firm has a market cap of C$13.06 billion, a P/E ratio of 38.43, a P/E/G ratio of 1.46 and a beta of 0.87. The firm’s 50 day moving average price is C$112.42 and its 200-day moving average price is C$105.32. Stantec has a one year low of C$77.00 and a one year high of C$118.39.

Stantec (TSE:STN) (NYSE:STN) last posted its 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 net margin of 6.54% and a return on equity of 13.14%. The company had revenue of C$1.24 billion during the quarter, compared to analyst estimates of C$1.22 billion.

Insiders Place Their Bets

In other news, Director Steve Marvin Fleck sold 2,000 shares of the stock in a transaction dated Tuesday, March 19th. The stock was 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 company insiders.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.73%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Stantec’s previous quarterly dividend of $0.20. Stantec’s dividend payout ratio is 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.