What is Scotiabank’s Forecast for Stantec FY2024 Earnings?

Stantec Inc. (TSE:STN) (NYSE:STN) – Stock analysts at Scotiabank issued their FY2024 earnings per share estimates for shares of Stantec in a research report issued on Wednesday, January 8th. Scotiabank analyst J. Goldman forecasts that the company will post earnings per share of $4.30 for the year. Scotiabank currently has a “Strong-Buy” rating on the stock. Scotiabank also issued estimates for Stantec’s FY2025 earnings at $4.82 EPS.

Other analysts have also issued research reports about the stock. Stifel Nicolaus lifted their price target on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. CIBC upped their price target on Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. BMO Capital Markets increased their price target on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Finally, Canaccord Genuity Group boosted their price objective on shares of Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$129.50.

Stantec Price Performance

Shares of STN stock opened at C$109.97 on Monday. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46. The company has a market capitalization of C$12.54 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The firm’s 50-day moving average is C$116.24 and its two-hundred day moving average is C$114.24. Stantec has a 12 month low of C$103.48 and a 12 month high of C$123.92.

Insider Activity at Stantec

In other news, Director Vito Culmone bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. Company insiders own 0.27% of the company’s stock.

Stantec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Tuesday, December 31st. Stantec’s payout ratio is 27.63%.

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.