Raymond James Weighs in on Stantec Inc.’s Q3 2024 Earnings (TSE:STN)

Stantec Inc. (TSE:STN) (NYSE:STN) – Stock analysts at Raymond James decreased their Q3 2024 earnings per share (EPS) estimates for shares of Stantec in a research note issued on Thursday, August 8th. Raymond James analyst F. Bastien now anticipates that the company will post earnings per share of $1.27 for the quarter, down from their prior forecast of $1.34. Raymond James currently has a “Market Perform” rating and a $120.00 price target 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.

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

Stantec Trading Down 2.1 %

STN opened at C$109.65 on Friday. Stantec has a fifty-two week low of C$82.50 and a fifty-two week high of C$122.57. The firm has a market capitalization of C$12.51 billion, a PE ratio of 35.49, a P/E/G ratio of 1.46 and a beta of 0.87. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46. The company’s 50-day moving average is C$115.24 and its 200 day moving average is C$112.84.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.86 by C$0.04. The firm had revenue of C$1.37 billion during the quarter, compared to analysts’ expectations of C$1.36 billion. Stantec had a net margin of 6.31% and a return on equity of 12.91%.

Insider Activity at Stantec

In related news, Director Catherine Margaret Schefer bought 605 shares of Stantec stock in a transaction dated Friday, June 28th. The stock was purchased at an average cost of C$114.22 per share, with a total value of C$69,102.50. 0.26% of the stock is owned by company insiders.

Stantec Announces Dividend

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

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.