FY2024 EPS Estimates for Stantec Inc. (TSE:STN) Lowered by Analyst

Stantec Inc. (TSE:STN - Free Report) NYSE: STN - Analysts at Stifel Canada dropped their FY2024 EPS estimates for shares of Stantec in a report released on Thursday, October 3rd. Stifel Canada analyst I. Gillies now expects that the company will post earnings per share of $4.24 for the year, down from their prior estimate of $4.26. The consensus estimate for Stantec's current full-year earnings is $5.06 per share. Stifel Canada also issued estimates for Stantec's FY2025 earnings at $5.06 EPS and FY2026 earnings at $5.56 EPS.

Several other brokerages have also commented on STN. Stifel Nicolaus lifted their price target on shares of Stantec from C$130.00 to C$145.00 in a research note on Friday. Raymond James lowered shares of Stantec from an "outperform" rating to a "market perform" rating and cut their price target for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Finally, BMO Capital Markets lifted their price target on shares of Stantec from C$128.00 to C$131.00 in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Stantec has an average rating of "Moderate Buy" and an average price target of C$121.69.

Stantec Stock Up 0.1 %

Shares of TSE STN traded up C$0.09 during mid-day trading on Friday, reaching C$112.32. The company had a trading volume of 281,761 shares, compared to its average volume of 258,447. The firm has a 50 day simple moving average of C$111.49 and a two-hundred day simple moving average of C$112.43. Stantec has a 52-week low of C$82.50 and a 52-week high of C$122.57. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The stock has a market cap of C$12.81 billion, a P/E ratio of 36.98, a PEG ratio of 1.46 and a beta of 0.83.

Stantec (TSE:STN - Get Free Report) NYSE: STN last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 earnings per share for the quarter, beating analysts' consensus estimates of C$1.11 by C$0.01. Stantec had a net margin of 6.31% and a return on equity of 12.91%. The business had revenue of C$1.49 billion for the quarter, compared to analyst estimates of C$1.49 billion.

Stantec Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.75%. Stantec's dividend payout ratio (DPR) is 27.63%.

Insider Transactions at Stantec

In other news, Director Asifa Samji purchased 300 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the purchase, the director now directly owns 840 shares in the company, valued at C$92,190. The trade was a 0.00 % increase in their position. In other news, Director Asifa Samji purchased 300 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the purchase, the director now directly owns 840 shares in the company, valued at C$92,190. The trade was a 0.00 % increase in their position. Also, Director Vito Culmone purchased 2,000 shares of the company's stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average price of C$112.97 per share, for a total transaction of C$225,940.00. Insiders have bought a total of 2,445 shares of company stock worth $274,636 over the last ninety days. 0.27% of the stock is currently owned by company insiders.

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.