FY2024 Earnings Forecast for Stantec Issued By Stifel Canada

Stantec Inc. (TSE:STN) (NYSE:STN) – Equities researchers at Stifel Canada raised their FY2024 earnings estimates for shares of Stantec in a note issued to investors on Sunday, November 10th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings of $4.33 per share for the year, up from their prior estimate of $4.24. Stifel Canada also issued estimates for Stantec’s Q1 2025 earnings at $1.15 EPS.

Other equities research analysts also recently issued reports about the stock. Raymond James downgraded shares of Stantec from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$125.00 to C$120.00 in a report on Thursday, August 8th. Scotiabank raised shares of Stantec to a “strong-buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. BMO Capital Markets upped their price target on Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Finally, Canaccord Genuity Group upped their price target on Stantec from C$125.00 to C$135.00 in a research report on Monday. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Stantec has an average rating of “Moderate Buy” and a consensus price target of C$126.36.

Stantec Price Performance

Shares of TSE:STN opened at C$115.70 on Wednesday. The company’s 50-day moving average is C$111.46 and its 200 day moving average is C$112.79. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The company has a market capitalization of C$13.20 billion, a P/E ratio of 38.06, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a fifty-two week low of C$92.40 and a fifty-two week high of C$122.57.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio (DPR) is presently 27.63%.

Insider Activity

In related news, Director Vito Culmone acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average price of C$112.97 per share, with a total value of C$225,940.00. Over the last 90 days, insiders purchased 2,145 shares of company stock valued at $241,711. 0.27% of the stock is currently owned by company insiders.

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.