Stantec Inc. (NYSE:STN) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Stantec Inc. has garnered a consensus recommendation of "Buy" from all seven analysts currently covering the stock.
• The company reported earnings of $0.98 per share for the last quarter, aligning with analyst estimates, but its revenue of $1.17 billion fell short of expectations.
• Stantec recently announced an increase in its quarterly dividend to $0.1635 per share, reflecting a boost from its previous dividend amount.

Shares of Stantec Inc. (NYSE:STN - Get Free Report) TSE: STN have been assigned a consensus rating of "Buy" from the seven analysts that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy rating.

STN has been the subject of several research analyst reports. CIBC reiterated an "outperform" rating on shares of Stantec in a research report on Friday, July 18th. Wall Street Zen lowered Stantec from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th.

Hedge Funds Weigh In On Stantec

A number of large investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its position in Stantec by 2,980.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,002 shares of the business services provider's stock worth $217,000 after acquiring an additional 1,937 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Stantec by 2,108.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 145,454 shares of the business services provider's stock worth $15,795,000 after acquiring an additional 138,867 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Stantec by 423.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider's stock worth $55,000 after acquiring an additional 411 shares during the last quarter. Vident Advisory LLC boosted its position in Stantec by 16.9% during the 2nd quarter. Vident Advisory LLC now owns 4,769 shares of the business services provider's stock worth $518,000 after acquiring an additional 688 shares during the last quarter. Finally, Man Group plc boosted its position in Stantec by 8.7% during the 2nd quarter. Man Group plc now owns 640,911 shares of the business services provider's stock worth $69,596,000 after acquiring an additional 51,204 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.

Stantec Trading Down 4.1%

Shares of STN stock traded down $4.63 on Friday, reaching $107.36. The company had a trading volume of 143,817 shares, compared to its average volume of 176,090. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. The stock has a market cap of $12.25 billion, a PE ratio of 39.21 and a beta of 1.07. The company has a 50-day moving average of $109.41 and a 200-day moving average of $100.15. Stantec has a 12 month low of $73.18 and a 12 month high of $113.50.

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

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be given a $0.1635 dividend. The ex-dividend date is Monday, September 29th. This represents a $0.65 annualized dividend and a dividend yield of 0.6%. This is a boost from Stantec's previous quarterly dividend of $0.16. Stantec's payout ratio is presently 24.09%.

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.