Desjardins Weighs in on Stantec's FY2025 Earnings (NYSE:STN)

Stantec Inc. (NYSE:STN - Free Report) TSE: STN - Equities researchers at Desjardins raised their FY2025 EPS estimates for shares of Stantec in a note issued to investors on Tuesday, February 25th. Desjardins analyst B. Poirier now forecasts that the business services provider will earn $3.58 per share for the year, up from their prior forecast of $3.43. The consensus estimate for Stantec's current full-year earnings is $3.05 per share. Desjardins also issued estimates for Stantec's FY2025 earnings at $3.58 EPS.

STN has been the subject of several other reports. Canaccord Genuity Group upgraded shares of Stantec from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Raymond James upgraded Stantec from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 26th. StockNews.com raised Stantec from a "hold" rating to a "buy" rating in a research note on Saturday, November 16th. Finally, Canaccord Genuity Group raised Stantec from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy".

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Stantec Stock Down 2.5 %

NYSE:STN traded down $2.12 during mid-day trading on Friday, hitting $81.66. 197,629 shares of the company's stock were exchanged, compared to its average volume of 150,101. The company has a market cap of $9.31 billion, a PE ratio of 37.12 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. Stantec has a one year low of $73.18 and a one year high of $90.24. The business has a fifty day moving average price of $78.57 and a 200 day moving average price of $81.08.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.1574 dividend. This is a positive change from Stantec's previous quarterly dividend of $0.16. This represents a $0.63 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, March 28th. Stantec's payout ratio is presently 26.18%.

Hedge Funds Weigh In On Stantec

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp increased its holdings in shares of Stantec by 166.5% in the 4th quarter. Mackenzie Financial Corp now owns 22,342,818 shares of the business services provider's stock worth $1,751,093,000 after purchasing an additional 13,958,790 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Stantec by 121.3% during the third quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider's stock valued at $225,537,000 after buying an additional 1,536,475 shares during the last quarter. Norges Bank bought a new stake in Stantec in the 4th quarter worth about $110,221,000. Janus Henderson Group PLC purchased a new position in Stantec in the 4th quarter worth about $56,191,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Stantec by 19.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,344,994 shares of the business services provider's stock valued at $262,791,000 after acquiring an additional 542,305 shares during the period. 63.86% of the stock is owned by institutional investors.

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.