Q3 Earnings Estimate for Stantec Issued By Raymond James

Stantec Inc. (TSE:STN) (NYSE:STN) – Equities researchers at Raymond James dropped their Q3 2024 EPS estimates for Stantec in a note issued to investors on Wednesday, October 30th. Raymond James analyst F. Bastien now forecasts that the company will post earnings per share of $1.24 for the quarter, down from their previous estimate of $1.27. Raymond James has a “Market Perform” rating and a $120.00 price target on the stock. Raymond James also issued estimates for Stantec’s Q3 2025 earnings at $1.45 EPS.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.01. Stantec had a net margin of 6.31% and a return on equity of 12.91%. The firm had revenue of C$1.49 billion during the quarter, compared to analysts’ expectations of C$1.49 billion.

A number of other equities research analysts have also recently issued reports on the company. Scotiabank raised Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Stifel Nicolaus raised their target price on shares of Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. BMO Capital Markets boosted their target price on shares of Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Finally, Canaccord Genuity Group raised their price target on Stantec from C$120.00 to C$125.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$123.50.

Stantec Stock Performance

Shares of TSE STN opened at C$112.94 on Thursday. The business’s 50-day simple moving average is C$111.16 and its 200-day simple moving average is C$112.50. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. Stantec has a 52 week low of C$83.81 and a 52 week high of C$122.57. The firm has a market cap of C$12.88 billion, a price-to-earnings ratio of 37.22, a P/E/G ratio of 1.46 and a beta of 0.82.

Insider Buying and Selling at Stantec

In other news, Director Vito Culmone acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were bought at an average price of C$112.97 per share, with a total value of C$225,940.00. In other Stantec news, Director Vito Culmone acquired 2,000 shares of Stantec stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of C$112.97 per share, with a total value of C$225,940.00. Also, Director Asifa Samji bought 300 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the transaction, the director now owns 840 shares in the company, valued at C$92,190. This represents a 0.00 % increase in their position. Insiders bought a total of 2,445 shares of company stock valued at $274,636 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

Stantec Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.74%. Stantec’s dividend payout ratio is 27.63%.

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.