Q4 Earnings Forecast for Stantec Issued By Atb Cap Markets

Stantec Inc. (NYSE:STN) (TSE:STN) – Equities research analysts at Atb Cap Markets raised their Q4 2024 earnings estimates for shares of Stantec in a note issued to investors on Sunday, November 10th. Atb Cap Markets analyst C. Murray now expects that the business services provider will post earnings of $0.71 per share for the quarter, up from their previous forecast of $0.70. The consensus estimate for Stantec’s current full-year earnings is $3.10 per share. Atb Cap Markets also issued estimates for Stantec’s Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $0.91 EPS, FY2025 earnings at $3.41 EPS, Q1 2026 earnings at $0.93 EPS, Q2 2026 earnings at $1.01 EPS, Q3 2026 earnings at $1.02 EPS and FY2026 earnings at $3.82 EPS.

STN has been the topic of a number of other research reports. Canaccord Genuity Group raised 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 report on Friday, November 8th. Raymond James downgraded shares of Stantec from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 8th. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Scotiabank began coverage on shares of Stantec in a report on Friday, October 25th. They issued a “sector outperform” rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Stantec Price Performance

Shares of STN stock opened at $82.59 on Tuesday. The firm’s 50 day moving average price is $81.42 and its two-hundred day moving average price is $82.41. The stock has a market cap of $9.42 billion, a PE ratio of 37.54 and a beta of 1.02. Stantec has a 52-week low of $67.54 and a 52-week high of $88.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.39 and a current ratio of 1.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bridgewater Associates LP lifted its stake in Stantec by 24.3% in the 3rd quarter. Bridgewater Associates LP now owns 5,014 shares of the business services provider’s stock valued at $404,000 after acquiring an additional 980 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Stantec by 19.5% in the third quarter. BNP Paribas Financial Markets now owns 11,052 shares of the business services provider’s stock valued at $889,000 after purchasing an additional 1,800 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Stantec by 98.1% in the third quarter. Quantbot Technologies LP now owns 19,818 shares of the business services provider’s stock worth $1,594,000 after purchasing an additional 9,814 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Stantec by 121.3% during the third quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock worth $225,537,000 after purchasing an additional 1,536,475 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Stantec during the third quarter worth $655,000. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Increases Dividend

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

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.