Stantec (STN) Scheduled to Post Earnings on Wednesday

Stantec (NYSE:STN) (TSE:STN) will announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Stantec has set its FY 2024 guidance at 3.050-3.150 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.03). The firm had revenue of $912.51 million during the quarter, compared to the consensus estimate of $891.12 million. Stantec had a net margin of 5.11% and a return on equity of 16.50%. On average, analysts expect Stantec to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Stantec Trading Up 0.1 %

Stantec stock opened at $83.73 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.41 and a current ratio of 1.41. Stantec has a fifty-two week low of $56.49 and a fifty-two week high of $87.53. The stock has a market cap of $9.55 billion, a P/E ratio of 38.06 and a beta of 1.05. The firm’s fifty day moving average price is $82.62 and its 200-day moving average price is $77.71.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.1548 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.62 annualized dividend and a dividend yield of 0.74%. This is a boost from Stantec’s previous quarterly dividend of $0.14. Stantec’s dividend payout ratio (DPR) is presently 26.36%.

Analysts Set New Price Targets

Separately, Atb Cap Markets cut shares of Stantec from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $105.00.

About Stantec

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.