Atb Cap Markets Predicts Stronger Earnings for Stantec

Stantec Inc. (TSE:STN) (NYSE:STN) – Equities researchers at Atb Cap Markets lifted their FY2024 earnings estimates for Stantec in a report released on Sunday, November 10th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $4.31 for the year, up from their previous forecast of $4.25. Atb Cap Markets also issued estimates for Stantec’s Q4 2024 earnings at $0.99 EPS, Q1 2025 earnings at $1.07 EPS, Q2 2025 earnings at $1.26 EPS, FY2025 earnings at $4.74 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.40 EPS, Q3 2026 earnings at $1.41 EPS and FY2026 earnings at $5.31 EPS.

STN has been the topic of several other reports. Stifel Nicolaus upped their target price on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. BMO Capital Markets upped their price objective on shares of Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Canaccord Genuity Group lifted their target price on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday. Scotiabank upgraded shares of Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Raymond James downgraded shares of Stantec from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Stantec currently has a consensus rating of “Moderate Buy” and an average target price of C$124.33.

Stantec Stock Performance

Shares of STN opened at C$114.66 on Tuesday. 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 firm has a market cap of C$13.08 billion, a PE ratio of 37.63, a P/E/G ratio of 1.46 and a beta of 0.82. Stantec has a 12 month low of C$92.40 and a 12 month high of C$122.57. The stock has a fifty day moving average price of C$111.40 and a 200-day moving average price of C$112.75.

Insider Activity

In other news, Director Vito Culmone acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was acquired at an average price of C$112.97 per share, for a total transaction of C$225,940.00. Insiders bought a total of 2,145 shares of company stock valued at $241,711 in the last three months. 0.27% of the stock is currently owned by corporate insiders.

Stantec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio is currently 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.