Stifel Canada Has Bearish Forecast for Stantec Q4 Earnings

Stantec Inc. (NYSE:STN) (TSE:STN) – Research analysts at Stifel Canada dropped their Q4 2024 earnings per share (EPS) estimates for Stantec in a report issued on Sunday, November 10th. Stifel Canada analyst I. Gillies now anticipates that the business services provider will post earnings of $0.73 per share for the quarter, down from their prior forecast of $0.74. The consensus estimate for Stantec’s current full-year earnings is $3.10 per share. Stifel Canada also issued estimates for Stantec’s Q2 2025 earnings at $0.94 EPS, Q3 2025 earnings at $0.95 EPS, Q4 2025 earnings at $0.84 EPS and FY2026 earnings at $3.87 EPS.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a research report on Monday. Scotiabank initiated coverage on shares of Stantec in a research report on Friday, October 25th. They issued a “sector outperform” rating on the stock. StockNews.com cut shares of Stantec from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Raymond James cut shares of Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Stantec has a consensus rating of “Moderate Buy”.

Stantec Trading Up 0.4 %

Shares of NYSE STN opened at $82.59 on Tuesday. Stantec has a 12-month low of $67.54 and a 12-month high of $88.42. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 37.54 and a beta of 1.02. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54. The stock’s 50 day simple moving average is $81.42 and its 200 day simple moving average is $82.41.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.155 dividend. This is a positive change from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, December 31st. This represents a $0.62 dividend on an annualized basis and a yield of 0.75%. Stantec’s dividend payout ratio (DPR) is currently 28.18%.

Institutional Investors Weigh In On Stantec

A number of institutional investors have recently bought and sold shares of STN. Vanguard Group Inc. increased its holdings in Stantec by 3.2% in the first quarter. Vanguard Group Inc. now owns 4,344,568 shares of the business services provider’s stock worth $360,773,000 after buying an additional 133,687 shares during the last quarter. Bank of Montreal Can boosted its position in Stantec by 15.1% during the second quarter. Bank of Montreal Can now owns 3,176,820 shares of the business services provider’s stock worth $265,177,000 after purchasing an additional 415,993 shares during the period. The Manufacturers Life Insurance Company grew its stake in Stantec by 121.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock valued at $225,537,000 after buying an additional 1,536,475 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Stantec by 2.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,776,167 shares of the business services provider’s stock valued at $142,817,000 after purchasing an additional 48,009 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Stantec by 175.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,266,214 shares of the business services provider’s stock valued at $105,850,000 after buying an additional 806,869 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.

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.