Stantec Inc. (TSE:STN – Free Report) (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 – Get Free Report) (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%.
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.
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