Stantec Inc. (NYSE:STN) Receives Average Rating of "Buy" from Brokerages

Key Points

• Stantec Inc. has received an average rating of "Buy" from eight brokerages, indicating positive analyst sentiment towards the company's stock.
• The company recently declared a quarterly dividend of $0.1635 per share, which is an increase from the previous dividend of $0.16, reflecting a healthy dividend policy with a payout ratio of 24.09%.
• In its latest earnings report, Stantec met the consensus estimate with a quarterly EPS of $0.98, despite revenue falling short of expectations with $1.17 billion compared to the $1.64 billion estimate.

Stantec Inc. (NYSE:STN - Get Free Report) TSE: STN has earned an average recommendation of "Buy" from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy rating.

Several equities analysts have weighed in on the company. Wall Street Zen cut Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. CIBC restated an "outperform" rating on shares of Stantec in a report on Friday, July 18th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Stantec in a report on Wednesday, October 8th.

Stantec Stock Down 0.5%

Shares of STN opened at $112.06 on Thursday. The business's 50 day moving average is $109.10 and its 200 day moving average is $103.05. The company has a market capitalization of $12.78 billion, a PE ratio of 40.90 and a beta of 1.04. Stantec has a 12-month low of $73.18 and a 12-month high of $113.87. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its earnings results on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.64 billion. Stantec had a return on equity of 19.03% and a net margin of 5.62%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Research analysts expect that Stantec will post 3.05 earnings per share for the current fiscal year.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th were issued a dividend of $0.1635 per share. The ex-dividend date was Monday, September 29th. This represents a $0.65 annualized dividend and a yield of 0.6%. This is a boost from Stantec's previous quarterly dividend of $0.16. Stantec's dividend payout ratio (DPR) is 24.09%.

Hedge Funds Weigh In On Stantec

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Canoe Financial LP boosted its holdings in shares of Stantec by 2.1% in the 3rd quarter. Canoe Financial LP now owns 75,205 shares of the business services provider's stock worth $8,109,000 after purchasing an additional 1,532 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Stantec by 0.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 467,554 shares of the business services provider's stock worth $50,413,000 after purchasing an additional 3,311 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Stantec by 263.6% in the 3rd quarter. Voya Investment Management LLC now owns 22,265 shares of the business services provider's stock worth $2,402,000 after purchasing an additional 16,142 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Stantec by 57.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,828 shares of the business services provider's stock worth $629,000 after purchasing an additional 2,119 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in shares of Stantec by 2,980.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,002 shares of the business services provider's stock worth $217,000 after purchasing an additional 1,937 shares during the period. Hedge funds and other institutional investors own 63.86% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.