Raymond James Comments on Stantec’s Q3 Earnings (TSE:STN)

Stantec Inc. (TSE:STN) (NYSE:STN) – Equities research analysts at Raymond James cut their Q3 2024 earnings estimates for shares of Stantec in a note issued to investors on Wednesday, October 30th. Raymond James analyst F. Bastien now expects that the company will post earnings of $1.24 per share for the quarter, down from their previous forecast 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.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 earnings per share (EPS) 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 firm had revenue of C$1.49 billion for the quarter, compared to analysts’ expectations of C$1.49 billion.

A number of other equities research analysts also recently commented on STN. BMO Capital Markets upped their price objective on Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Stifel Nicolaus upped their price target on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Scotiabank raised shares of Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Canaccord Genuity Group boosted their price objective on shares of 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$123.50.

Stantec Stock Performance

STN stock opened at C$112.94 on Thursday. Stantec has a twelve month low of C$83.81 and a twelve month high of C$122.57. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74. The company has a market cap of C$12.88 billion, a P/E ratio of 37.22, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The business’s fifty day moving average is C$111.16 and its 200-day moving average is C$112.50.

Insider Activity

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

Stantec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, September 27th. Stantec’s dividend payout ratio (DPR) is presently 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.