Stantec Inc. to Post Q3 2024 Earnings of $1.27 Per Share, Atb Cap Markets Forecasts (TSE:STN)

Stantec Inc. (TSE:STN) (NYSE:STN) – Equities researchers at Atb Cap Markets upped their Q3 2024 earnings per share estimates for shares of Stantec in a research note issued to investors on Wednesday, May 1st. Atb Cap Markets analyst C. Murray now expects that the company will post earnings of $1.27 per share for the quarter, up from their previous estimate of $1.16. Atb Cap Markets has a “Sector Perform” rating on the stock. The consensus estimate for Stantec’s current full-year earnings is $4.25 per share. Atb Cap Markets also issued estimates for Stantec’s Q4 2024 earnings at $0.97 EPS, FY2024 earnings at $4.27 EPS, Q1 2025 earnings at $1.03 EPS, Q2 2025 earnings at $1.25 EPS, Q3 2025 earnings at $1.36 EPS and Q4 2025 earnings at $1.06 EPS.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Wednesday, February 28th. The company reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.04). The business had revenue of C$1.24 billion during 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%.

A number of other research analysts also recently commented on STN. Scotiabank lifted their price objective on shares of Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a research report on Thursday, May 2nd. BMO Capital Markets boosted their price target on Stantec from C$126.00 to C$127.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. National Bankshares raised their price objective on Stantec from C$116.00 to C$126.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Canaccord Genuity Group boosted their target price on Stantec from C$110.00 to C$120.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada raised their price target on Stantec from C$121.00 to C$123.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$120.46.

Stantec Stock Performance

Shares of TSE STN opened at C$115.90 on Monday. The stock has a market capitalization of C$13.22 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. Stantec has a 52 week low of C$77.00 and a 52 week high of C$118.39. The stock has a 50 day moving average price of C$112.52 and a 200 day moving average price of C$105.77. The company has a debt-to-equity ratio of 62.82, a quick ratio of 1.46 and a current ratio of 1.41.

Insider Transactions at Stantec

In other Stantec news, Director Steve Marvin Fleck sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was 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 insiders.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.21 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from Stantec’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.72%. Stantec’s payout ratio is presently 28.19%.

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.