Q1 2024 Earnings Forecast for Stantec Inc. Issued By Desjardins (NYSE:STN)

Stantec Inc. (NYSE:STN) (TSE:STN) – Investment analysts at Desjardins lowered their Q1 2024 EPS estimates for Stantec in a research note issued on Tuesday, April 23rd. Desjardins analyst B. Poirier now forecasts that the business services provider will post earnings per share of $0.66 for the quarter, down from their prior forecast of $0.72. The consensus estimate for Stantec’s current full-year earnings is $3.15 per share. Desjardins also issued estimates for Stantec’s FY2026 earnings at $3.92 EPS.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). Stantec had a net margin of 5.11% and a return on equity of 16.50%. The company had revenue of $912.51 million during the quarter, compared to the consensus estimate of $891.12 million.

Separately, Atb Cap Markets downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

Stantec Trading Up 2.5 %

STN opened at $80.92 on Wednesday. Stantec has a 1-year low of $56.49 and a 1-year high of $87.53. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.36. The company has a market cap of $9.23 billion, a P/E ratio of 36.78 and a beta of 1.04. The company has a fifty day moving average price of $82.82 and a two-hundred day moving average price of $76.69.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.1548 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Stantec’s previous quarterly dividend of $0.14. This represents a $0.62 annualized dividend and a dividend yield of 0.77%. Stantec’s payout ratio is presently 26.36%.

Institutional Investors Weigh In On Stantec

Several hedge funds and other institutional investors have recently made changes to their positions in the business. First Affirmative Financial Network increased its position in shares of Stantec by 4.2% during the fourth quarter. First Affirmative Financial Network now owns 3,784 shares of the business services provider’s stock worth $303,000 after acquiring an additional 152 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Stantec by 1.1% during the fourth quarter. Neuberger Berman Group LLC now owns 25,290 shares of the business services provider’s stock worth $2,040,000 after acquiring an additional 283 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Stantec during the third quarter worth about $26,000. Canoe Financial LP increased its position in shares of Stantec by 0.4% during the third quarter. Canoe Financial LP now owns 118,579 shares of the business services provider’s stock worth $7,694,000 after acquiring an additional 515 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Stantec during the third quarter worth about $52,000. 63.86% of the stock is owned by institutional investors.

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.