FY2024 EPS Estimates for Stantec Raised by Atb Cap Markets

Stantec Inc. (TSE:STN - Free Report) NYSE: STN - Analysts at Atb Cap Markets increased their FY2024 earnings estimates for shares of Stantec in a research report issued to clients and investors on Sunday, November 10th. Atb Cap Markets analyst C. Murray now anticipates that the company will earn $4.31 per share for the year, up from their previous forecast of $4.25. Atb Cap Markets also issued estimates for Stantec's Q4 2024 earnings at $0.99 EPS, Q1 2025 earnings at $1.07 EPS, Q2 2025 earnings at $1.26 EPS, FY2025 earnings at $4.74 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.40 EPS, Q3 2026 earnings at $1.41 EPS and FY2026 earnings at $5.31 EPS.

Several other brokerages have also commented on STN. BMO Capital Markets boosted their price target on shares of Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Canaccord Genuity Group lifted their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday. Scotiabank raised Stantec to a "strong-buy" rating in a research note on Friday, October 25th. Raymond James downgraded Stantec from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Finally, Stifel Nicolaus increased their target price on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Stantec currently has an average rating of "Moderate Buy" and a consensus target price of C$124.33.

Stantec Price Performance

STN stock traded down C$1.17 during mid-day trading on Tuesday, reaching C$114.38. 88,056 shares of the company's stock were exchanged, compared to its average volume of 261,241. The company has a market cap of C$13.05 billion, a price-to-earnings ratio of 37.63, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a 12-month low of C$92.40 and a 12-month high of C$122.57. The stock's 50 day moving average is C$111.40 and its 200 day moving average is C$112.75. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46.

Insider Buying and Selling

In other news, Director Vito Culmone acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. In other Stantec news, Director Vito Culmone purchased 2,000 shares of Stantec stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average cost of C$112.97 per share, with a total value of C$225,940.00. Also, Director Asifa Samji acquired 300 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the acquisition, the director now directly owns 840 shares of the company's stock, valued at C$92,190. This trade represents a 0.00 % increase in their ownership of the stock. Insiders have purchased a total of 2,445 shares of company stock valued at $274,636 over the last quarter. 0.27% of the stock is currently owned by insiders.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.21 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.73%. Stantec's payout ratio is 27.63%.

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.