FY2024 Earnings Estimate for Stantec Issued By Raymond James

Stantec Inc. (NYSE:STN - Free Report) TSE: STN - Raymond James dropped their FY2024 earnings per share (EPS) estimates for Stantec in a research report issued to clients and investors on Tuesday, January 21st. Raymond James analyst F. Bastien now expects that the business services provider will post earnings per share of $2.97 for the year, down from their previous forecast of $3.10. The consensus estimate for Stantec's current full-year earnings is $3.07 per share. Raymond James also issued estimates for Stantec's Q4 2024 earnings at $0.66 EPS, Q2 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.82 EPS, Q3 2026 earnings at $1.15 EPS and Q4 2026 earnings at $1.00 EPS.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. Stantec had a return on equity of 16.57% and a net margin of 4.78%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $0.85 earnings per share.

A number of other equities analysts have also recently commented on STN. Canaccord Genuity Group raised Stantec from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Scotiabank started coverage on Stantec in a research note on Friday, October 25th. They issued a "sector outperform" rating for the company. StockNews.com raised shares of Stantec from a "hold" rating to a "buy" rating in a research note on Saturday, November 16th. Finally, Canaccord Genuity Group upgraded shares of Stantec from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Stantec has a consensus rating of "Moderate Buy".

Stantec Price Performance

Stantec stock traded up $1.06 during midday trading on Thursday, reaching $81.06. The company had a trading volume of 76,638 shares, compared to its average volume of 106,012. 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 12-month low of $74.98 and a 12-month high of $88.42. The company has a market capitalization of $9.25 billion, a P/E ratio of 36.93 and a beta of 1.01. The firm's fifty day simple moving average is $81.40 and its 200-day simple moving average is $82.19.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Tuesday, December 31st. This is a boost from Stantec's previous quarterly dividend of $0.15. Stantec's dividend payout ratio (DPR) is currently 26.36%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Stantec during the second quarter worth about $71,000. Blue Trust Inc. grew its stake in shares of Stantec by 802.8% in the 3rd quarter. Blue Trust Inc. now owns 975 shares of the business services provider's stock valued at $81,000 after buying an additional 867 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Stantec by 12.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider's stock worth $103,000 after buying an additional 129 shares during the last quarter. US Bancorp DE raised its position in shares of Stantec by 30.3% during the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider's stock valued at $171,000 after buying an additional 493 shares during the period. Finally, First Trust Direct Indexing L.P. acquired a new position in Stantec in the third quarter valued at approximately $211,000. Hedge funds and other institutional investors own 63.86% of the company's stock.

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.