FY2024 Earnings Estimate for Stantec Issued By Raymond James

Stantec Inc. (TSE:STN) (NYSE:STN) – Raymond James upped their FY2024 earnings estimates for Stantec in a research report issued to clients and investors on Tuesday, January 21st. Raymond James analyst F. Bastien now expects that the company will post earnings of $4.31 per share for the year, up from their prior estimate of $4.30. Raymond James currently has a “Market Perform” rating and a $130.00 target price on the stock. Raymond James also issued estimates for Stantec’s Q4 2024 earnings at $0.95 EPS, Q2 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.19 EPS, FY2025 earnings at $4.92 EPS, Q1 2026 earnings at $1.23 EPS, Q2 2026 earnings at $1.50 EPS and FY2026 earnings at $5.85 EPS.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Thursday, November 7th. The company reported C$1.30 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.24 by C$0.06. Stantec had a return on equity of 12.91% and a net margin of 6.31%. During the same quarter in the prior year, the business posted $1.14 earnings per share.

STN has been the subject of several other reports. Canaccord Genuity Group boosted their target price on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. CIBC boosted their price objective on shares of Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Stifel Nicolaus raised their target price on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. BMO Capital Markets lifted their price target on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Finally, Scotiabank upgraded Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$130.50.

Stantec Stock Up 2.6 %

STN stock opened at C$115.19 on Wednesday. The company has a market cap of C$13.14 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74. Stantec has a 52 week low of C$103.48 and a 52 week high of C$123.92. The business has a 50-day simple moving average of C$115.75 and a 200 day simple moving average of C$114.19.

Stantec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were given a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 annualized dividend and a yield of 0.73%. Stantec’s dividend payout ratio is presently 27.63%.

Insider Activity

In related news, Director Vito Culmone acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. Insiders own 0.27% 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.