Raymond James Has Bullish Estimate for Stantec Q4 Earnings

Stantec Inc. (NYSE:STN) (TSE:STN) – Equities researchers at Raymond James lifted their Q4 2024 EPS estimates for Stantec in a research report issued on Wednesday, October 30th. Raymond James analyst F. Bastien now forecasts that the business services provider will post earnings of $0.62 per share for the quarter, up from their prior forecast of $0.60. 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 Q4 2025 earnings at $0.81 EPS.

Separately, Scotiabank initiated coverage on Stantec in a research report on Friday, October 25th. They issued a “sector outperform” rating on the stock.

Stantec Trading Up 0.4 %

NYSE STN opened at $81.49 on Friday. The firm’s fifty day moving average is $81.40 and its two-hundred day moving average is $82.24. Stantec has a one year low of $61.81 and a one year high of $88.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $9.30 billion, a PE ratio of 36.38 and a beta of 1.02.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Stantec had a net margin of 4.96% and a return on equity of 16.22%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion.

Stantec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a $0.152 dividend. This represents a $0.61 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, September 27th. Stantec’s payout ratio is 27.68%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in STN. Triad Wealth Partners LLC acquired a new position in Stantec during the 2nd quarter worth approximately $51,000. Northwestern Mutual Wealth Management Co. acquired a new position in Stantec during the second quarter worth $71,000. Blue Trust Inc. raised its position in Stantec by 802.8% in the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after acquiring an additional 867 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Stantec by 45.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock worth $83,000 after acquiring an additional 326 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its holdings in Stantec by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 800 shares during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

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.