Research Analysts Offer Predictions for Stantec Inc.'s Q1 2024 Earnings (NYSE:STN)

Stantec Inc. (NYSE:STN - Free Report) TSE: STN - Stock analysts at Atb Cap Markets dropped their Q1 2024 EPS estimates for Stantec in a note issued to investors on Wednesday, May 1st. Atb Cap Markets analyst C. Murray now forecasts that the business services provider will earn $0.64 per share for the quarter, down from their prior estimate of $0.74. Atb Cap Markets has a "Sector Perform" rating on the stock. The consensus estimate for Stantec's current full-year earnings is $3.14 per share. Atb Cap Markets also issued estimates for Stantec's Q2 2024 earnings at $0.85 EPS, FY2024 earnings at $3.12 EPS, Q4 2025 earnings at $0.77 EPS and FY2025 earnings at $3.43 EPS.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). Stantec had a net margin of 5.11% and a return on equity of 16.50%. The firm had revenue of $912.51 million for the quarter, compared to analysts' expectations of $891.12 million.

Stantec Stock Performance

STN traded up $1.62 during trading on Monday, hitting $85.35. The company's stock had a trading volume of 99,496 shares, compared to its average volume of 111,642. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.36. Stantec has a one year low of $56.49 and a one year high of $87.53. The firm has a market cap of $9.74 billion, a PE ratio of 38.80 and a beta of 1.05. The business's 50 day simple moving average is $82.65 and its 200-day simple moving average is $77.88.

Hedge Funds Weigh In On Stantec

Institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Stantec during the third quarter valued at $26,000. UniSuper Management Pty Ltd purchased a new position in shares of Stantec in the 3rd quarter worth $52,000. Tobam purchased a new position in shares of Stantec in the 1st quarter worth $153,000. Quantbot Technologies LP grew its stake in shares of Stantec by 456.3% in the 3rd quarter. Quantbot Technologies LP now owns 2,726 shares of the business services provider's stock worth $177,000 after buying an additional 2,236 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Stantec in the 4th quarter worth $214,000. 63.86% of the stock is owned by hedge funds and other institutional investors.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.1548 per share. This represents a $0.62 annualized dividend and a dividend yield of 0.73%. This is an increase from Stantec's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, March 27th. Stantec's dividend payout ratio (DPR) is presently 26.36%.

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.