Atb Cap Markets Brokers Boost Earnings Estimates for Stantec

Stantec Inc. (NYSE:STN) (TSE:STN) – Equities researchers at Atb Cap Markets upped their Q4 2024 earnings estimates for shares of Stantec in a research note issued on Sunday, November 10th. Atb Cap Markets analyst C. Murray now expects that the business services provider will post earnings of $0.71 per share for the quarter, up from their previous estimate of $0.70. The consensus estimate for Stantec’s current full-year earnings is $3.07 per share. Atb Cap Markets also issued estimates for Stantec’s Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $0.91 EPS, FY2025 earnings at $3.41 EPS, Q1 2026 earnings at $0.93 EPS, Q2 2026 earnings at $1.01 EPS, Q3 2026 earnings at $1.02 EPS and FY2026 earnings at $3.82 EPS.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded Stantec from a “buy” rating to a “hold” rating in a research report on Friday. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a research note on Monday. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday. Scotiabank started coverage on Stantec in a research note on Friday, October 25th. They issued a “sector outperform” rating for the company. Finally, Raymond James downgraded shares of Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Stantec Stock Up 2.9 %

Shares of STN opened at $82.96 on Tuesday. The stock’s 50 day moving average is $81.35 and its two-hundred day moving average is $82.41. Stantec has a 12 month low of $67.54 and a 12 month high of $88.42. The firm has a market cap of $9.46 billion, a P/E ratio of 37.71 and a beta of 1.02. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 0.75%. This is a positive change from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio is 28.18%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in Stantec by 12.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider’s stock worth $103,000 after purchasing an additional 129 shares during the period. Assenagon Asset Management S.A. raised its position in Stantec by 5.1% in the third quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider’s stock worth $324,000 after acquiring an additional 196 shares in the last quarter. Legacy Capital Group California Inc. boosted its position in shares of Stantec by 6.8% during the 2nd quarter. Legacy Capital Group California Inc. now owns 3,298 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 211 shares in the last quarter. Pembroke Management LTD grew its stake in shares of Stantec by 4.7% in the 1st quarter. Pembroke Management LTD now owns 7,599 shares of the business services provider’s stock worth $631,000 after purchasing an additional 342 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Stantec by 30.3% in the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock worth $171,000 after purchasing an additional 493 shares in the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

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.