Raymond James Has Bullish Estimate for Stantec Q4 Earnings

Stantec Inc. (NYSE:STN - Free Report) TSE: STN - Analysts at Raymond James boosted their Q4 2024 EPS estimates for Stantec in a report released on Wednesday, October 30th. Raymond James analyst F. Bastien now expects that the business services provider will post earnings of $0.62 per share for the quarter, up from their previous estimate of $0.60. Raymond James has a "Hold" rating on the stock. The consensus estimate for Stantec's current full-year earnings is $3.07 per share. Raymond James also issued estimates for Stantec's Q4 2025 earnings at $0.81 EPS.

Separately, Scotiabank began coverage on shares of Stantec in a research report on Friday, October 25th. They issued a "sector outperform" rating on the stock.

Stantec Trading Up 0.4 %

NYSE STN traded up $0.33 on Friday, hitting $81.49. 41,857 shares of the company were exchanged, compared to its average volume of 118,460. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.39 and a quick ratio of 1.39. Stantec has a twelve month low of $61.81 and a twelve month high of $88.42. The firm has a market capitalization of $9.30 billion, a P/E ratio of 36.50 and a beta of 1.02. The company's 50 day moving average price is $81.40 and its 200-day moving average price is $82.24.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its earnings results on Wednesday, August 7th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. Stantec had a return on equity of 16.22% and a net margin of 4.96%. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.09 billion.

Institutional Investors Weigh In On Stantec

A number of institutional investors have recently bought and sold shares of the business. Triad Wealth Partners LLC purchased a new stake in shares of Stantec in the second quarter worth approximately $51,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Stantec during the 2nd quarter valued at $71,000. Blue Trust Inc. grew its holdings in shares of Stantec by 802.8% during the 3rd quarter. Blue Trust Inc. now owns 975 shares of the business services provider's stock valued at $81,000 after acquiring an additional 867 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Stantec by 45.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider's stock worth $83,000 after acquiring an additional 326 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its holdings in shares of Stantec by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider's stock worth $133,000 after acquiring an additional 800 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, September 27th. Stantec's payout ratio is 27.68%.

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.