National Bank Financial Equities Analysts Lift Earnings Estimates for Stantec Inc. (TSE:STN)

Stantec Inc. (TSE:STN) (NYSE:STN) – Stock analysts at National Bank Financial increased their FY2024 EPS estimates for Stantec in a note issued to investors on Thursday, May 9th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings per share of $4.32 for the year, up from their previous estimate of $4.24. The consensus estimate for Stantec’s current full-year earnings is $4.18 per share.

A number of other analysts have also recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Stantec from C$123.00 to C$125.00 in a research note on Friday. Atb Cap Markets cut shares of Stantec from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 29th. Scotiabank boosted their target price on shares of Stantec from C$119.00 to C$120.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 2nd. Canaccord Genuity Group boosted their target price on shares of Stantec from C$110.00 to C$120.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Finally, CIBC boosted their price target on shares of Stantec from C$116.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Stantec presently has an average rating of “Moderate Buy” and a consensus price target of C$120.85.

Stantec Stock Down 1.6 %

STN stock opened at C$110.59 on Monday. The stock has a market capitalization of C$12.62 billion, a P/E ratio of 35.79, a P/E/G ratio of 1.46 and a beta of 0.87. The firm has a 50-day simple moving average of C$112.53 and a 200-day simple moving average of C$106.38. The company has a quick ratio of 1.46, a current ratio of 1.41 and a debt-to-equity ratio of 62.82. Stantec has a 52 week low of C$77.00 and a 52 week high of C$118.39.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly 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 firm had revenue of C$1.24 billion for the quarter, compared to analyst estimates of C$1.22 billion. Stantec had a net margin of 6.64% and a return on equity of 13.14%.

Insider Buying and Selling at Stantec

In other Stantec news, Director Steve Marvin Fleck sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$116.02, for a total value of C$232,040.00. 0.27% of the stock is currently owned by company insiders.

Stantec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.21 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.84 annualized dividend and a yield of 0.76%. Stantec’s payout ratio is 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.