Atb Cap Markets Comments on Stantec's Q4 Earnings (NYSE:STN)

Stantec Inc. (NYSE:STN - Free Report) TSE: STN - Analysts at Atb Cap Markets boosted their Q4 2024 earnings per share estimates for shares of Stantec in a research note issued on Sunday, November 10th. Atb Cap Markets analyst C. Murray now anticipates that the business services provider will post earnings of $0.71 per share for the quarter, up from their prior estimate of $0.70. The consensus estimate for Stantec's current full-year earnings is $3.07 per share. Atb Cap Markets also issued estimates for Stantec's Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $0.91 EPS, FY2025 earnings at $3.41 EPS, Q1 2026 earnings at $0.93 EPS, Q2 2026 earnings at $1.01 EPS, Q3 2026 earnings at $1.02 EPS and FY2026 earnings at $3.82 EPS.

Several other brokerages have also issued reports on STN. Scotiabank assumed coverage on Stantec in a report on Friday, October 25th. They issued a "sector outperform" rating on the stock. Raymond James lowered Stantec from a "moderate buy" rating to a "hold" rating in a report on Thursday, August 8th. Canaccord Genuity Group raised Stantec from a "hold" rating to a "buy" rating in a research note on Monday. Canaccord Genuity Group upgraded Stantec from a "hold" rating to a "buy" rating in a report on Monday. Finally, StockNews.com cut Stantec from a "buy" rating to a "hold" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Stantec Trading Down 1.1 %

Shares of STN stock traded down $0.90 on Tuesday, hitting $82.06. The company had a trading volume of 45,989 shares, compared to its average volume of 118,602. Stantec has a twelve month low of $67.54 and a twelve month high of $88.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.39. The stock's 50-day moving average is $81.35 and its two-hundred day moving average is $82.41. The firm has a market cap of $9.36 billion, a P/E ratio of 37.71 and a beta of 1.02.

Institutional Investors Weigh In On Stantec

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its position in shares of Stantec by 4.8% in the third quarter. Advisors Asset Management Inc. now owns 42,310 shares of the business services provider's stock worth $3,402,000 after acquiring an additional 1,926 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Stantec by 2.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,776,167 shares of the business services provider's stock valued at $142,817,000 after buying an additional 48,009 shares in the last quarter. Caprock Group LLC increased its stake in Stantec by 5.6% during the third quarter. Caprock Group LLC now owns 11,091 shares of the business services provider's stock worth $894,000 after purchasing an additional 585 shares during the period. Swiss National Bank increased its stake in Stantec by 0.8% during the third quarter. Swiss National Bank now owns 344,970 shares of the business services provider's stock worth $27,786,000 after purchasing an additional 2,700 shares during the period. Finally, Cumberland Partners Ltd increased its stake in shares of Stantec by 1,013.6% during the third quarter. Cumberland Partners Ltd now owns 112,200 shares of the business services provider's stock worth $9,031,000 after buying an additional 102,125 shares during the period. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 0.76%. This is a positive change from Stantec's previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, December 31st. Stantec's dividend payout ratio (DPR) is presently 28.18%.

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.