FY2024 Earnings Forecast for Stantec Issued By Scotiabank

Stantec Inc. (TSE:STN) (NYSE:STN) – Equities research analysts at Scotiabank issued their FY2024 earnings per share estimates for Stantec in a report released on Wednesday, January 8th. Scotiabank analyst J. Goldman anticipates that the company will post earnings per share of $4.30 for the year. Scotiabank currently has a “Strong-Buy” rating on the stock. Scotiabank also issued estimates for Stantec’s FY2025 earnings at $4.82 EPS.

STN has been the subject of a number of other research reports. CIBC upped their price target on shares of Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. BMO Capital Markets upped their target price on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Stifel Nicolaus lifted their price target on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Finally, Canaccord Genuity Group upped their price objective on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$129.50.

Stantec Trading Up 0.3 %

Shares of Stantec stock opened at C$110.26 on Monday. 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 12-month low of C$103.48 and a 12-month high of C$123.92. The company has a market capitalization of C$12.58 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 1.46 and a beta of 0.82. The firm’s 50-day moving average price is C$116.19 and its two-hundred day moving average price is C$114.22.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio is currently 27.63%.

Insider Activity at Stantec

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. 0.27% of the stock is owned by company insiders.

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.