Desjardins Has Negative Forecast for Stantec FY2025 Earnings

Stantec Inc. (NYSE:STN - Free Report) TSE: STN - Equities researchers at Desjardins lowered their FY2025 earnings estimates for shares of Stantec in a research note issued on Sunday, November 10th. Desjardins analyst B. Poirier now anticipates that the business services provider will earn $3.43 per share for the year, down from their prior forecast of $3.46. The consensus estimate for Stantec's current full-year earnings is $3.10 per share. Desjardins also issued estimates for Stantec's FY2026 earnings at $3.96 EPS.

A number of other research firms have also weighed in on STN. Raymond James lowered Stantec from a "moderate buy" rating to a "hold" rating in a report on Thursday, August 8th. Canaccord Genuity Group raised shares of Stantec from a "hold" rating to a "buy" rating in a research report on Monday. StockNews.com lowered shares of Stantec from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Scotiabank initiated coverage on shares of Stantec in a research note on Friday, October 25th. They issued a "sector outperform" rating for the company. Finally, Canaccord Genuity Group raised shares of Stantec from a "hold" rating to a "buy" rating in a report on Monday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Stantec Stock Up 0.4 %

Shares of NYSE:STN traded up $0.35 during trading hours on Wednesday, hitting $82.59. The company's stock had a trading volume of 74,867 shares, compared to its average volume of 120,112. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.39. The firm's fifty day moving average price is $81.42 and its 200 day moving average price is $82.41. Stantec has a 52 week low of $67.54 and a 52 week high of $88.42. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 37.54 and a beta of 1.02.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.155 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.62 annualized dividend and a dividend yield of 0.75%. This is an increase from Stantec's previous quarterly dividend of $0.15. Stantec's dividend payout ratio is 28.18%.

Institutional Trading of Stantec

A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position in Stantec by 8.4% during the 1st quarter. BNP Paribas Financial Markets now owns 10,035 shares of the business services provider's stock worth $833,000 after acquiring an additional 779 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Stantec during the first quarter worth about $235,000. Russell Investments Group Ltd. boosted its position in Stantec by 3.7% in the first quarter. Russell Investments Group Ltd. now owns 342,455 shares of the business services provider's stock valued at $28,494,000 after buying an additional 12,208 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in Stantec by 3.1% in the 1st quarter. Jupiter Asset Management Ltd. now owns 313,793 shares of the business services provider's stock worth $26,077,000 after buying an additional 9,480 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Stantec by 900.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,000 shares of the business services provider's stock worth $330,000 after buying an additional 3,600 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

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.