Stantec (NYSE:STN) Issues FY 2024 Earnings Guidance

Stantec (NYSE:STN) (TSE:STN) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 3.120-3.170 for the period, compared to the consensus EPS estimate of 4.240. The company issued revenue guidance of $4.3 billion-$4.3 billion, compared to the consensus revenue estimate of $5.8 billion.

Analyst Ratings Changes

A number of research firms have weighed in on STN. Scotiabank began coverage on Stantec in a research note on Friday, October 25th. They set 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. Finally, Raymond James cut shares of Stantec from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 8th.

Stantec Trading Down 4.7 %

STN traded down $3.95 during trading hours on Friday, reaching $80.64. The company’s stock had a trading volume of 165,469 shares, compared to its average volume of 107,216. The stock has a market cap of $9.20 billion, a PE ratio of 36.65 and a beta of 1.02. Stantec has a fifty-two week low of $62.91 and a fifty-two week high of $88.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.39 and a quick ratio of 1.39. The business’s 50-day moving average is $81.33 and its 200-day moving average is $82.39.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Stantec had a return on equity of 16.36% and a net margin of 4.78%. As a group, equities research analysts predict that Stantec will post 3.07 earnings per share for the current fiscal year.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.62 dividend on an annualized basis and a yield of 0.77%. This is a boost from Stantec’s previous quarterly dividend of $0.15. Stantec’s dividend payout ratio is presently 28.18%.

About Stantec

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.