Raymond James Analysts Cut Earnings Estimates for Stantec

Stantec Inc. (TSE:STN - Free Report) NYSE: STN - Analysts at Raymond James dropped their Q3 2024 EPS estimates for Stantec in a report issued on Wednesday, October 30th. Raymond James analyst F. Bastien now forecasts that the company will post earnings per share of $1.24 for the quarter, down from their prior estimate of $1.27. Raymond James currently has a "Market Perform" rating and a $120.00 target price on the stock. Raymond James also issued estimates for Stantec's Q3 2025 earnings at $1.45 EPS.

A number of other research analysts have also recently issued reports on the stock. BMO Capital Markets raised their price target on shares of Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Canaccord Genuity Group raised their price target on shares of Stantec from C$120.00 to C$125.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. Scotiabank raised shares of Stantec to a "strong-buy" rating in a report on Friday, October 25th. Finally, Stifel Nicolaus increased their price objective on shares of Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$123.50.

Stantec Stock Down 1.0 %

Shares of STN stock traded down C$1.09 during trading hours on Thursday, reaching C$112.94. 250,098 shares of the company's stock were exchanged, compared to its average volume of 262,773. Stantec has a 1 year low of C$83.81 and a 1 year 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$12.88 billion, a PE ratio of 37.22, a PEG ratio of 1.46 and a beta of 0.82. The stock's fifty day moving average price is C$111.16 and its two-hundred day moving average price is C$112.50.

Stantec (TSE:STN - Get Free Report) NYSE: STN last released its quarterly earnings results on Wednesday, August 7th. The company reported C$1.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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.

Insider Activity

In other news, Director Asifa Samji bought 300 shares of Stantec stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the purchase, the director now directly owns 840 shares of the company's stock, valued at approximately C$92,190. This trade represents a 0.00 % increase in their ownership of the stock. In related news, Director Vito Culmone acquired 2,000 shares of Stantec stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. Also, Director Asifa Samji bought 300 shares of the firm's stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the transaction, the director now directly owns 840 shares of the company's stock, valued at C$92,190. The trade was a 0.00 % increase in their ownership of the stock. In the last quarter, insiders have bought 2,445 shares of company stock valued at $274,636. 0.27% of the stock is currently owned by insiders.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, September 27th. Stantec's dividend payout ratio (DPR) is currently 27.63%.

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.