Stantec Inc. (NYSE:STN - Free Report) TSE: STN - Stock analysts at Scotiabank issued their FY2024 earnings per share estimates for Stantec in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst J. Goldman expects that the business services provider will earn $2.99 per share for the year. Scotiabank currently has a "Sector Outperform" rating on the stock. The consensus estimate for Stantec's current full-year earnings is $3.09 per share. Scotiabank also issued estimates for Stantec's FY2025 earnings at $3.35 EPS.
A number of other research analysts have also weighed in on STN. StockNews.com raised shares of Stantec from a "hold" rating to a "buy" rating in a research note on Saturday, November 16th. Canaccord Genuity Group upgraded Stantec from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Finally, Canaccord Genuity Group upgraded Stantec from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".
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Stantec Price Performance
NYSE:STN traded down $0.50 during trading hours on Monday, reaching $75.62. 26,153 shares of the company were exchanged, compared to its average volume of 103,314. Stantec has a twelve month low of $74.98 and a twelve month high of $88.42. The stock's 50-day moving average is $82.24 and its 200-day moving average is $82.54. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm has a market cap of $8.63 billion, a PE ratio of 34.37 and a beta of 1.01.
Stantec Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.62 dividend on an annualized basis and a yield of 0.82%. This is an increase from Stantec's previous quarterly dividend of $0.15. Stantec's payout ratio is currently 26.36%.
Hedge Funds Weigh In On Stantec
Hedge funds have recently modified their holdings of the business. Stifel Financial Corp boosted its holdings in Stantec by 3.1% during the 3rd quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider's stock valued at $341,000 after acquiring an additional 126 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Stantec by 12.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider's stock valued at $103,000 after purchasing an additional 129 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Stantec by 5.1% in the third quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider's stock valued at $324,000 after purchasing an additional 196 shares in the last quarter. US Bancorp DE increased its stake in Stantec by 30.3% during the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider's stock worth $171,000 after buying an additional 493 shares during the period. Finally, Caprock Group LLC lifted its holdings in Stantec by 5.6% during the 3rd quarter. Caprock Group LLC now owns 11,091 shares of the business services provider's stock worth $894,000 after buying an additional 585 shares in the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.
Stantec Company Profile
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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.
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