Raymond James Weighs in on Stantec’s Q3 Earnings (NYSE:STN)

Stantec Inc. (NYSE:STN) (TSE:STN) – Equities research analysts at Raymond James decreased their Q3 2024 earnings per share (EPS) estimates for Stantec in a note issued to investors on Wednesday, October 30th. Raymond James analyst F. Bastien now forecasts that the business services provider will post earnings per share of $0.89 for the quarter, down from their previous forecast of $0.91. Raymond James has a “Hold” rating on the stock. The consensus estimate for Stantec’s current full-year earnings is $3.07 per share. Raymond James also issued estimates for Stantec’s Q3 2025 earnings at $1.04 EPS.

Separately, Scotiabank initiated coverage on shares of Stantec in a research note on Friday, October 25th. They set a “sector outperform” rating on the stock.

Stantec Stock Performance

Shares of NYSE STN opened at $81.16 on Thursday. Stantec has a 12-month low of $60.49 and a 12-month high of $88.42. The company has a market cap of $9.26 billion, a PE ratio of 35.52 and a beta of 1.02. The stock has a 50 day simple moving average of $81.46 and a 200-day simple moving average of $82.25. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Wednesday, August 7th. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. Stantec had a return on equity of 16.22% and a net margin of 4.96%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion.

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a $0.152 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.75%. Stantec’s dividend payout ratio (DPR) is 27.07%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in STN. The Manufacturers Life Insurance Company grew its holdings in shares of Stantec by 175.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,266,214 shares of the business services provider’s stock valued at $105,850,000 after buying an additional 806,869 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Stantec by 86.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 913,713 shares of the business services provider’s stock valued at $75,897,000 after purchasing an additional 422,538 shares during the period. Bank of Montreal Can lifted its position in shares of Stantec by 15.1% in the second quarter. Bank of Montreal Can now owns 3,176,820 shares of the business services provider’s stock worth $265,177,000 after purchasing an additional 415,993 shares in the last quarter. Candriam S.C.A. boosted its holdings in shares of Stantec by 243.8% during the second quarter. Candriam S.C.A. now owns 204,405 shares of the business services provider’s stock worth $17,108,000 after purchasing an additional 144,948 shares during the period. Finally, Vanguard Group Inc. grew its position in Stantec by 3.2% during the first quarter. Vanguard Group Inc. now owns 4,344,568 shares of the business services provider’s stock valued at $360,773,000 after purchasing an additional 133,687 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

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.