FY2024 Earnings Estimate for Stantec Issued By Raymond James

Stantec Inc. (TSE:STN) (NYSE:STN) – Investment analysts at Raymond James lifted their FY2024 earnings estimates for shares of Stantec in a research note issued to investors on Tuesday, January 21st. Raymond James analyst F. Bastien now anticipates that the company will earn $4.31 per share for the year, up from their prior forecast of $4.30. Raymond James currently has a “Market Perform” rating and a $130.00 price target on the stock. Raymond James also issued estimates for Stantec’s Q4 2024 earnings at $0.95 EPS, Q2 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.19 EPS, FY2025 earnings at $4.92 EPS, Q1 2026 earnings at $1.23 EPS, Q2 2026 earnings at $1.50 EPS and FY2026 earnings at $5.85 EPS.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings results on Thursday, November 7th. The company reported C$1.30 EPS for the quarter, topping analysts’ consensus estimates of C$1.24 by C$0.06. Stantec had a return on equity of 12.91% and a net margin of 6.31%. During the same quarter last year, the company earned $1.14 EPS.

Several other equities research analysts have also recently commented on STN. Canaccord Genuity Group boosted their price objective on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. CIBC boosted their price target on Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. Stifel Nicolaus increased their price objective on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. BMO Capital Markets boosted their target price on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Finally, Scotiabank raised shares of Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$130.50.

Stantec Stock Performance

Shares of STN opened at C$115.19 on Wednesday. The firm has a market cap of C$13.14 billion, a P/E ratio of 37.89, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a twelve month low of C$103.48 and a twelve month high of C$123.92. 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 firm’s 50 day moving average price is C$115.75 and its two-hundred day moving average price is C$114.19.

Stantec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 annualized dividend and a yield of 0.73%. Stantec’s dividend payout ratio (DPR) is currently 27.63%.

Insider Buying and Selling

In related news, Director Vito Culmone acquired 3,000 shares of Stantec stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is currently owned by corporate insiders.

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.