Q1 2024 EPS Estimates for Stantec Inc. Decreased by Desjardins (TSE:STN)

Stantec Inc. (TSE:STN) (NYSE:STN) – Equities researchers at Desjardins decreased their Q1 2024 earnings estimates for Stantec in a research report issued to clients and investors on Tuesday, April 23rd. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $0.90 per share for the quarter, down from their prior forecast of $0.97. The consensus estimate for Stantec’s current full-year earnings is $4.25 per share.

Several other equities analysts also recently weighed in on the stock. ATB Capital downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$115.00 to C$120.00 in a report on Friday, March 1st. Atb Cap Markets downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 29th. Royal Bank of Canada boosted their target price on shares of Stantec from C$121.00 to C$123.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Scotiabank boosted their target price on shares of Stantec from C$116.00 to C$119.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, National Bankshares boosted their target price on shares of Stantec from C$116.00 to C$126.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$120.23.

Stantec Stock Performance

Shares of TSE STN opened at C$110.94 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.46 and a debt-to-equity ratio of 62.82. Stantec has a 12-month low of C$77.00 and a 12-month high of C$118.39. The firm has a market capitalization of C$12.65 billion, a price-to-earnings ratio of 37.23, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. The firm has a 50 day moving average of C$112.45 and a 200 day moving average of C$104.09.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, February 28th. The company reported C$0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.86 by C($0.04). The business 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%.

Insider Buying and Selling

In other news, Director Steve Marvin Fleck sold 2,000 shares of the company’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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, March 27th. This is a boost from Stantec’s previous quarterly dividend of $0.20. Stantec’s payout ratio is currently 28.19%.

About Stantec

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.