Stantec Inc. (TSE:STN - Free Report) NYSE: STN - Research analysts at Atb Cap Markets decreased their Q1 2024 earnings estimates for Stantec in a note issued to investors on Wednesday, May 1st. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings of $0.87 per share for the quarter, down from their prior estimate of $1.00. Atb Cap Markets has a "Sector Perform" rating on the stock. The consensus estimate for Stantec's current full-year earnings is $4.25 per share. Atb Cap Markets also issued estimates for Stantec's Q2 2024 earnings at $1.16 EPS and FY2025 earnings at $4.69 EPS.
STN has been the topic of several other research reports. CIBC upped their price objective on Stantec from C$116.00 to C$120.00 and gave the stock an "outperform" rating in a research report on Friday, March 1st. National Bankshares upped their target price on Stantec from C$116.00 to C$126.00 and gave the stock an "outperform" rating in a research note on Friday, March 1st. ATB Capital downgraded Stantec from an "outperform" rating to a "sector perform" rating and upped their target price for the stock from C$115.00 to C$120.00 in a research note on Friday, March 1st. Royal Bank of Canada upped their target price on Stantec from C$121.00 to C$123.00 and gave the stock an "outperform" rating in a research note on Friday, March 1st. Finally, Canaccord Genuity Group upped their target price on Stantec from C$110.00 to C$120.00 and gave the stock a "hold" rating in a research note on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$120.46.
View Our Latest Stock Analysis on Stantec
Stantec Stock Performance
TSE STN traded up C$0.07 during trading hours on Friday, reaching C$114.52. The stock had a trading volume of 306,058 shares, compared to its average volume of 263,035. The stock has a fifty day moving average of C$112.37 and a 200 day moving average of C$104.89. The stock has a market cap of C$13.06 billion, a P/E ratio of 38.41, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. Stantec has a 52-week low of C$77.00 and a 52-week high of C$118.39. The company has a debt-to-equity ratio of 62.82, a quick ratio of 1.46 and a current ratio of 1.41.
Stantec (TSE:STN - Get Free Report) NYSE: STN last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.82 earnings per share for the quarter, missing analysts' consensus estimates of C$0.86 by C($0.04). The business had revenue of C$1.24 billion for the quarter, compared to analysts' expectations of C$1.22 billion. Stantec had a return on equity of 13.14% and a net margin of 6.54%.
Insiders Place Their Bets
In other Stantec news, Director Steve Marvin Fleck sold 2,000 shares of Stantec stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$116.02, for a total value of C$232,040.00. 0.27% of the stock is currently owned by corporate insiders.
Stantec Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Stantec's previous quarterly dividend of $0.20. Stantec's dividend payout ratio (DPR) is 28.19%.
Stantec Company Profile
(
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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.
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