Q2 2024 EPS Estimates for Stantec Inc. Cut by Analyst (TSE:STN)

Stantec Inc. (TSE:STNFree Report) (NYSE:STN) – Research analysts at Atb Cap Markets reduced their Q2 2024 earnings per share estimates for Stantec in a report released on Thursday, May 9th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings of $1.12 per share for the quarter, down from their previous forecast of $1.16. Atb Cap Markets has a “Sector Perform” rating on the stock. The consensus estimate for Stantec’s current full-year earnings is $4.18 per share. Atb Cap Markets also issued estimates for Stantec’s Q1 2025 earnings at $0.96 EPS and FY2025 earnings at $4.46 EPS.

Stantec (TSE:STNGet Free Report) (NYSE:STN) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.86 by C($0.04). Stantec had a net margin of 6.64% and a return on equity of 13.14%. The firm had revenue of C$1.24 billion for the quarter, compared to the consensus estimate of C$1.22 billion.

A number of other equities research analysts also recently weighed in on the company. ATB Capital downgraded Stantec from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$115.00 to C$120.00 in a report on Friday, March 1st. Royal Bank of Canada lifted their price objective on Stantec from C$123.00 to C$125.00 in a report on Friday, May 10th. TD Securities lifted their price objective on Stantec from C$125.00 to C$130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Canaccord Genuity Group lifted their price objective on Stantec from C$110.00 to C$120.00 and gave the company a “hold” rating in a report on Friday, March 1st. Finally, Raymond James boosted their target price on Stantec from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$120.85.

Read Our Latest Report on STN

Stantec Stock Down 1.0 %

TSE STN opened at C$111.77 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.46 and a debt-to-equity ratio of 62.82. The stock’s 50 day moving average is C$112.57 and its two-hundred day moving average is C$106.79. The company has a market capitalization of C$12.75 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 1.46 and a beta of 0.87. Stantec has a 1-year low of C$77.00 and a 1-year high of C$118.39.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, June 28th. Stantec’s payout ratio is 27.18%.

Insider Buying and Selling at Stantec

In other Stantec news, Director Steve Marvin Fleck sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$116.02, for a total transaction of C$232,040.00. Corporate insiders own 0.27% of the company’s stock.

About Stantec

(Get Free Report)

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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Earnings History and Estimates for Stantec (TSE:STN)

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