FY2024 Earnings Forecast for Stantec Issued By Stifel Canada

Stantec Inc. (NYSE:STN) (TSE:STN) – Research analysts at Stifel Canada lowered their FY2024 EPS estimates for shares of Stantec in a report released on Sunday, November 10th. Stifel Canada analyst I. Gillies now expects that the business services provider will post earnings per share of $3.12 for the year, down from their prior forecast of $3.14. The consensus estimate for Stantec’s current full-year earnings is $3.10 per share. Stifel Canada also issued estimates for Stantec’s Q1 2025 earnings at $0.83 EPS and FY2025 earnings at $3.55 EPS.

STN has been the topic of a number of other research reports. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday. StockNews.com lowered Stantec from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Scotiabank began coverage on Stantec in a report on Friday, October 25th. They issued a “sector outperform” rating for the company. Raymond James lowered shares of Stantec from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Stantec Price Performance

Shares of STN opened at $82.30 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.39. Stantec has a 1-year low of $67.54 and a 1-year high of $88.42. The stock has a market cap of $9.39 billion, a PE ratio of 37.41 and a beta of 1.02. The firm has a fifty day moving average price of $81.37 and a 200 day moving average price of $82.41.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, December 31st. This is a boost from Stantec’s previous quarterly dividend of $0.15. Stantec’s payout ratio is 28.18%.

Institutional Trading of Stantec

A number of hedge funds have recently added to or reduced their stakes in the stock. Triad Wealth Partners LLC acquired a new position in shares of Stantec in the second quarter valued at approximately $51,000. Northwestern Mutual Wealth Management Co. acquired a new position in Stantec in the 2nd quarter valued at $71,000. Blue Trust Inc. raised its position in Stantec by 802.8% during the 3rd quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after buying an additional 867 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Stantec by 45.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock worth $83,000 after acquiring an additional 326 shares during the period. Finally, UniSuper Management Pty Ltd lifted its stake in shares of Stantec by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock worth $133,000 after acquiring an additional 800 shares during the period. 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.