Q1 2024 EPS Estimates for Stantec Inc. (TSE:STN) Reduced by Atb Cap Markets

Stantec Inc. (TSE:STN) (NYSE:STN) – Analysts at Atb Cap Markets dropped their Q1 2024 earnings per share (EPS) estimates for Stantec in a report issued on Wednesday, May 1st. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $0.87 per share for the quarter, down from their previous forecast of $1.00. Atb Cap Markets has a “Sector Perform” rating on the stock. The consensus estimate for Stantec’s current full-year earnings is $4.25 per share. Atb Cap Markets also issued estimates for Stantec’s Q2 2024 earnings at $1.16 EPS and FY2025 earnings at $4.69 EPS.

STN has been the topic of several other reports. Raymond James lifted their price target on Stantec from C$120.00 to C$125.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Scotiabank lifted their price target on Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a research report on Thursday. CIBC lifted their price target on Stantec from C$116.00 to C$120.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Stifel Nicolaus lifted their price target on Stantec from C$130.00 to C$132.00 and gave the company a “buy” rating in a research report on Thursday. Finally, TD Securities lifted their price target on Stantec from C$125.00 to C$130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$120.46.

Stantec Stock Performance

Shares of TSE STN opened at C$114.52 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.46 and a debt-to-equity ratio of 62.82. The stock has a 50 day simple moving average of C$112.42 and a 200-day simple moving average of C$105.07. The company has a market cap of C$13.06 billion, a PE ratio of 38.43, a P/E/G ratio of 1.46 and a beta of 0.87. Stantec has a 12-month low of C$77.00 and a 12-month high of C$118.39.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, February 28th. The company reported C$0.82 EPS for the quarter, missing the consensus estimate of C$0.86 by C($0.04). The company had revenue of C$1.24 billion for the quarter, compared to the consensus estimate of C$1.22 billion. Stantec had a net margin of 6.54% and a return on equity of 13.14%.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.21 per share. This is a boost from Stantec’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.73%. Stantec’s dividend payout ratio (DPR) is presently 28.19%.

Insider Activity at Stantec

In other Stantec news, Director Steve Marvin Fleck sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$116.02, for a total transaction of C$232,040.00. 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.