Stantec Inc. (TSE:STN) to Post Q3 2024 Earnings of $1.27 Per Share, Raymond James Forecasts

Stantec Inc. (TSE:STN) (NYSE:STN) – Equities research analysts at Raymond James dropped their Q3 2024 earnings estimates for shares of Stantec in a report issued on Thursday, August 8th. Raymond James analyst F. Bastien now forecasts that the company will post earnings of $1.27 per share for the quarter, down from their previous estimate of $1.34. Raymond James currently has a “Market Perform” rating and a $120.00 target price on the stock. The consensus estimate for Stantec’s current full-year earnings is $4.21 per share. Raymond James also issued estimates for Stantec’s Q4 2024 earnings at $0.84 EPS, FY2024 earnings at $4.15 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.48 EPS, Q4 2025 earnings at $1.10 EPS and FY2025 earnings at $4.85 EPS.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, May 8th. The company reported C$0.90 EPS for the quarter, beating the consensus estimate of C$0.86 by C$0.04. The company had revenue of C$1.37 billion during the quarter, compared to analyst estimates of C$1.36 billion. Stantec had a return on equity of 12.91% and a net margin of 6.31%.

Several other brokerages have also weighed in on STN. Royal Bank of Canada increased their target price on Stantec from C$123.00 to C$125.00 in a research report on Friday, May 10th. National Bankshares upped their price target on shares of Stantec from C$126.00 to C$128.00 in a research report on Friday, May 10th. Scotiabank lifted their price objective on shares of Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a research report on Thursday, May 2nd. BMO Capital Markets boosted their target price on shares of Stantec from C$128.00 to C$131.00 in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus raised their price target on shares of Stantec from C$130.00 to C$132.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$120.69.

Stantec Trading Down 2.1 %

Shares of TSE STN opened at C$109.65 on Friday. Stantec has a 12-month low of C$82.50 and a 12-month high of C$122.57. The company has a market cap of C$12.51 billion, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. 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 stock’s 50 day simple moving average is C$115.24 and its 200 day simple moving average is C$112.84.

Insider Buying and Selling

In other news, Director Catherine Margaret Schefer acquired 605 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was acquired at an average price of C$114.22 per share, for a total transaction of C$69,102.50. 0.26% of the stock is owned by corporate insiders.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.77%. Stantec’s dividend payout ratio is presently 27.18%.

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.