Stifel Canada Estimates Stantec's FY2024 Earnings (NYSE:STN)

Stantec Inc. (NYSE:STN - Free Report) TSE: STN - Analysts at Stifel Canada dropped their FY2024 earnings estimates for Stantec in a research report issued on Sunday, November 10th. Stifel Canada analyst I. Gillies now anticipates that the business services provider will post earnings per share of $3.12 for the year, down from their previous estimate of $3.14. The consensus estimate for Stantec's current full-year earnings is $3.10 per share. Stifel Canada also issued estimates for Stantec's Q1 2025 earnings at $0.83 EPS and FY2025 earnings at $3.55 EPS.

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

Stantec Price Performance

STN stock traded up $0.35 during mid-day trading on Wednesday, reaching $82.59. The company's stock had a trading volume of 374,346 shares, compared to its average volume of 120,112. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54. The company's 50 day moving average is $81.37 and its two-hundred day moving average is $82.41. Stantec has a fifty-two week low of $67.54 and a fifty-two week high of $88.42. The stock has a market cap of $9.42 billion, a PE ratio of 37.25 and a beta of 1.02.

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 given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase 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%.

Hedge Funds Weigh In On Stantec

Several large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its holdings in Stantec by 19.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,052 shares of the business services provider's stock valued at $889,000 after acquiring an additional 1,800 shares during the period. Quantbot Technologies LP lifted its position in shares of Stantec by 98.1% during the third quarter. Quantbot Technologies LP now owns 19,818 shares of the business services provider's stock worth $1,594,000 after purchasing an additional 9,814 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Stantec by 121.3% in 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 purchasing an additional 1,536,475 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Stantec in the third quarter valued at approximately $655,000. Finally, Advisors Asset Management Inc. grew its holdings 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 valued at $3,402,000 after purchasing an additional 1,926 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

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.