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

Stantec Inc. (NYSE:STN) (TSE:STN) – Research analysts at Desjardins cut their Q1 2024 EPS estimates for shares of Stantec in a note issued to investors on Tuesday, April 23rd. Desjardins analyst B. Poirier now anticipates that the business services provider will earn $0.66 per share for the quarter, down from their previous 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.

Separately, Atb Cap Markets cut shares of Stantec from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 29th. Two equities 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 a consensus price target of $105.00.

Stantec Trading Up 2.5 %

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

Stantec (NYSE:STN) (TSE:STN) last announced 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). The firm had revenue of $912.51 million for the quarter, compared to analysts’ expectations of $891.12 million. Stantec had a net margin of 5.11% and a return on equity of 16.50%.

Stantec Increases Dividend

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

Institutional Investors Weigh In On Stantec

Institutional investors and hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Stantec in the 3rd quarter worth about $26,000. UniSuper Management Pty Ltd bought a new position in shares of Stantec in the 3rd quarter worth about $52,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Stantec in the 4th quarter worth about $214,000. Vestmark Advisory Solutions Inc. bought a new position in shares of Stantec in the 4th quarter worth about $215,000. Finally, Quantbot Technologies LP increased its stake in shares of Stantec by 456.3% in the 3rd quarter. Quantbot Technologies LP now owns 2,726 shares of the business services provider’s stock worth $177,000 after acquiring an additional 2,236 shares in the last quarter. 63.86% of the stock is owned by hedge funds and other 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.