Scotiabank Brokers Decrease Earnings Estimates for Stantec

Stantec Inc. (TSE:STN) (NYSE:STN) – Analysts at Scotiabank lowered their FY2027 earnings estimates for Stantec in a research report issued to clients and investors on Wednesday, July 15th. Scotiabank analyst J. Goldman now expects that the company will earn $6.35 per share for the year, down from their previous forecast of $6.68. Scotiabank has a “Sector Outperform” rating and a $133.00 price objective on the stock.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share for the quarter. The company had revenue of C$2.07 billion during the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.

STN has been the subject of a number of other research reports. National Bank Financial decreased their target price on Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Royal Bank Of Canada lowered their price target on Stantec from C$175.00 to C$155.00 in a report on Friday, May 15th. Raymond James Financial dropped their price target on shares of Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. Scotia reduced their price objective on shares of Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating for the company in a research note on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating for the company in a report on Wednesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$146.00.

Stantec Stock Performance

Shares of TSE STN opened at C$97.38 on Friday. The business’s 50-day simple moving average is C$101.40 and its 200-day simple moving average is C$118.23. The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35. Stantec has a 52 week low of C$94.79 and a 52 week high of C$160.05. The firm has a market cap of C$11.11 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 1.46 and a beta of 0.71.

Insider Activity

In other Stantec news, Director Clayton Bock bought 1,485 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average price of C$94.85 per share, for a total transaction of C$140,852.25. Following the purchase, the director directly owned 4,895 shares in the company, valued at C$464,290.75. This trade represents a 43.55% increase in their ownership of the stock. Also, Director Douglas Keith Ammerman bought 681 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were acquired at an average price of C$97.84 per share, with a total value of C$66,629.04. Following the purchase, the director owned 42,512 shares in the company, valued at C$4,159,374.08. This trade represents a 1.63% increase in their ownership of the stock. 0.27% of the stock is currently owned by insiders.

About Stantec

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.