Raymond James Comments on Stantec's Q4 Earnings (TSE:STN)

Stantec Inc. (TSE:STN - Free Report) NYSE: STN - Investment analysts at Raymond James lifted their Q4 2024 earnings estimates for shares of Stantec in a research note issued on Wednesday, October 30th. Raymond James analyst F. Bastien now forecasts that the company will earn $0.86 per share for the quarter, up from their previous estimate of $0.84. 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 Q4 2025 earnings at $1.13 EPS.

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

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

Stantec Stock Up 0.7 %

STN stock traded up C$0.83 during trading on Friday, reaching C$113.77. 133,269 shares of the company traded hands, compared to its average volume of 262,175. The business has a 50 day simple moving average of C$111.17 and a 200 day simple moving average of C$112.50. Stantec has a 12 month low of C$85.01 and a 12 month high of C$122.57. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The company has a market capitalization of C$12.98 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Insider Activity

In other news, Director Vito Culmone bought 2,000 shares of the company's stock in a transaction that occurred on 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. In other Stantec news, Director Vito Culmone acquired 2,000 shares of the business'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. Also, Director Asifa Samji bought 300 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the transaction, the director now directly owns 840 shares of the company's stock, valued at C$92,190. This trade represents a 0.00 % increase in their ownership of the stock. Over the last three months, insiders have bought 2,445 shares of company stock valued at $274,636. Company insiders own 0.27% of the company's stock.

Stantec Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.74%. Stantec's payout ratio is presently 27.63%.

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.