Research Analysts Set Expectations for Stantec Inc.’s Q1 2024 Earnings (TSE:STN)

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

STN has been the subject of a number of other reports. National Bankshares raised their target price on Stantec from C$116.00 to C$126.00 and gave the company an “outperform” rating in a report on Friday, March 1st. ATB Capital cut Stantec from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$115.00 to C$120.00 in a report on Friday, March 1st. CIBC raised their target price on Stantec from C$116.00 to C$120.00 and gave the company an “outperform” rating in a report on Friday, March 1st. TD Securities raised their target price on Stantec from C$125.00 to C$130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Stifel Nicolaus raised their target price on Stantec from C$120.00 to C$130.00 and gave the company a “buy” rating in a report on Friday, March 1st. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy” and an average price target of C$120.15.

Stantec Stock Up 2.1 %

Shares of TSE:STN opened at C$110.58 on Wednesday. The business has a 50-day moving average price of C$112.47 and a 200 day moving average price of C$104.04. Stantec has a 12-month low of C$77.00 and a 12-month high of C$118.39. The company has a market capitalization of C$12.61 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 1.46 and a beta of 0.87. 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 (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.04). The business had revenue of C$1.24 billion for the quarter, compared to analyst estimates of C$1.22 billion. Stantec had a return on equity of 13.14% and a net margin of 6.54%.

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 $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Stantec’s previous quarterly dividend of $0.20. Stantec’s dividend payout ratio (DPR) is 28.19%.

Insider Transactions at Stantec

In other 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. Corporate 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.