Stifel Canada Estimates Stantec’s FY2024 Earnings (NYSE:STN)

Stantec Inc. (NYSE:STN) (TSE:STN) – Analysts at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for shares of Stantec in a research note issued to investors on Sunday, November 10th. Stifel Canada analyst I. Gillies now expects that the business services provider will earn $3.12 per share for the year, down from their previous forecast of $3.14. The consensus estimate for Stantec’s current full-year earnings is $3.10 per share. Stifel Canada also issued estimates for Stantec’s Q1 2025 earnings at $0.83 EPS and FY2025 earnings at $3.55 EPS.

A number of other research firms also recently weighed in on STN. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a report on Monday. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday. Scotiabank started coverage on Stantec in a report on Friday, October 25th. They issued a “sector outperform” rating for the company. StockNews.com downgraded Stantec from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Raymond James downgraded Stantec from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Stantec presently has an average rating of “Moderate Buy”.

Stantec Price Performance

Shares of Stantec stock opened at $82.90 on Wednesday. The firm has a market cap of $9.46 billion, a PE ratio of 37.68 and a beta of 1.02. The stock has a 50 day moving average of $81.49 and a 200 day moving average of $82.42. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54. Stantec has a 12 month low of $67.54 and a 12 month high of $88.42.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.155 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio (DPR) is currently 28.18%.

Hedge Funds Weigh In On Stantec

Several hedge funds have recently bought and sold shares of the business. Triad Wealth Partners LLC purchased a new position in Stantec in the 2nd quarter worth about $51,000. Northwestern Mutual Wealth Management Co. bought a new position in Stantec in the second quarter worth approximately $71,000. Blue Trust Inc. grew its stake in Stantec by 802.8% in the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after purchasing an additional 867 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Stantec by 45.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock worth $83,000 after purchasing an additional 326 shares during the period. Finally, UniSuper Management Pty Ltd lifted its holdings in shares of Stantec by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock worth $133,000 after buying an additional 800 shares during the period. Institutional investors own 63.86% of the company’s stock.

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.