FY2024 Earnings Forecast for Stantec Issued By Stifel Canada

Stantec Inc. (NYSE:STN) (TSE:STN) – Equities research analysts at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for shares of Stantec in a research report issued on Sunday, November 10th. Stifel Canada analyst I. Gillies now expects that the business services provider will earn $3.12 per share for the year, down from their prior estimate of $3.14. The consensus estimate for Stantec’s current full-year earnings is $3.10 per share. Stifel Canada also issued estimates for Stantec’s Q1 2025 earnings at $0.83 EPS and FY2025 earnings at $3.55 EPS.

Other equities research analysts have also recently issued reports about the company. Scotiabank started coverage on Stantec in a research note on Friday, October 25th. They set a “sector outperform” rating for the company. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Monday. StockNews.com cut Stantec from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Raymond James cut Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Stantec presently has an average rating of “Moderate Buy”.

Stantec Trading Up 0.4 %

Shares of NYSE STN opened at $82.59 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.39. The stock has a market capitalization of $9.42 billion, a P/E ratio of 37.54 and a beta of 1.02. Stantec has a 1-year low of $67.54 and a 1-year high of $88.42. The business has a fifty day moving average price of $81.42 and a 200 day moving average price of $82.41.

Institutional Trading of Stantec

Several institutional investors have recently bought and sold shares of STN. Triad Wealth Partners LLC acquired a new stake in Stantec in the second quarter valued at approximately $51,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Stantec in the second quarter worth approximately $71,000. Blue Trust Inc. boosted its stake in shares of Stantec by 802.8% in the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after acquiring an additional 867 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Stantec by 45.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock worth $83,000 after acquiring an additional 326 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in shares of Stantec by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock worth $133,000 after acquiring an additional 800 shares during the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.155 dividend. This is a positive change from Stantec’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, December 31st. Stantec’s dividend payout ratio (DPR) is presently 28.18%.

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.