Analysts Issue Forecasts for Stantec’s Q3 Earnings (TSE:STN)

Stantec Inc. (TSE:STN) (NYSE:STN) – Raymond James lowered their Q3 2024 earnings estimates for Stantec in a research note issued on Wednesday, October 30th. Raymond James analyst F. Bastien now anticipates that the company will post earnings per share of $1.24 for the quarter, down from their prior forecast of $1.27. Raymond James has a “Market Perform” rating and a $120.00 price target on the stock. Raymond James also issued estimates for Stantec’s Q3 2025 earnings at $1.45 EPS.

A number of other brokerages also recently commented on STN. Stifel Nicolaus raised their price objective on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. BMO Capital Markets increased their target price on shares of Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Scotiabank raised shares of Stantec to a “strong-buy” rating in a report on Friday, October 25th. Finally, Canaccord Genuity Group increased their target price on shares of Stantec from C$120.00 to C$125.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Stantec presently has an average rating of “Moderate Buy” and a consensus target price of C$123.50.

Stantec Price Performance

Shares of TSE:STN opened at C$114.03 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74. The company has a market cap of C$13.01 billion, a P/E ratio of 37.51, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a 52 week low of C$83.81 and a 52 week high of C$122.57. The company has a 50-day moving average price of C$111.16 and a 200 day moving average price of C$112.50.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 EPS for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.01. The firm had revenue of C$1.49 billion during the quarter, compared to the consensus estimate of C$1.49 billion. Stantec had a net margin of 6.31% and a return on equity of 12.91%.

Stantec Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.74%. Stantec’s dividend payout ratio (DPR) is 27.63%.

Insider Buying and Selling at Stantec

In related news, Director Asifa Samji acquired 300 shares of the stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of C$109.75 per share, with a total value of C$32,925.00. Following the purchase, the director now directly owns 840 shares of the company’s stock, valued at approximately C$92,190. This represents a 0.00 % increase in their ownership of the stock. In other Stantec news, Director Vito Culmone purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average cost of C$112.97 per share, with a total value of C$225,940.00. Also, Director Asifa Samji purchased 300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the transaction, the director now owns 840 shares in the company, valued at C$92,190. This trade represents a 0.00 % increase in their position. In the last three months, insiders acquired 2,445 shares of company stock worth $274,636. Insiders own 0.27% of the company’s stock.

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.