Brokers Issue Forecasts for Stantec’s Q4 Earnings (TSE:STN)

Stantec Inc. (TSE:STN) (NYSE:STN) – Analysts at Raymond James raised their Q4 2024 EPS estimates for Stantec in a note issued to investors on Wednesday, October 30th. Raymond James analyst F. Bastien now anticipates that the company will post earnings of $0.86 per share for the quarter, up from their previous estimate of $0.84. Raymond James currently has a “Market Perform” rating and a $120.00 target price on the stock. Raymond James also issued estimates for Stantec’s Q4 2025 earnings at $1.13 EPS.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$1.12 earnings per share for the quarter, beating the consensus estimate of C$1.11 by C$0.01. Stantec had a return on equity of 12.91% and a net margin of 6.31%. The business had revenue of C$1.49 billion for the quarter, compared to the consensus estimate of C$1.49 billion.

Several other research analysts have also recently issued reports on STN. Scotiabank raised shares of Stantec to a “strong-buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped their target price on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. BMO Capital Markets raised their target price on Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Finally, Canaccord Genuity Group boosted their price target on Stantec from C$120.00 to C$125.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$123.50.

Stantec Stock Performance

STN opened at C$112.94 on Friday. The firm has a 50 day moving average of C$111.17 and a two-hundred day moving average of C$112.50. The firm has a market capitalization of C$12.88 billion, a PE ratio of 37.15, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. Stantec has a 12-month low of C$83.81 and a 12-month high of C$122.57.

Stantec Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, September 27th. Stantec’s payout ratio is 27.63%.

Insider Activity at Stantec

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

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.