Desjardins Weighs in on Stantec’s FY2024 Earnings (TSE:STN)

Stantec Inc. (TSE:STN) (NYSE:STN) – Investment analysts at Desjardins boosted their FY2024 earnings estimates for Stantec in a research note issued on Sunday, November 10th. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $4.28 for the year, up from their prior estimate of $4.19. Desjardins also issued estimates for Stantec’s Q4 2024 earnings at $0.97 EPS, FY2025 earnings at $4.77 EPS and FY2026 earnings at $5.50 EPS.

STN has been the topic of a number of other reports. Scotiabank upgraded Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Stifel Nicolaus raised their target price on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. BMO Capital Markets lifted their target price on shares of Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Canaccord Genuity Group increased their price target on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday. Finally, Raymond James downgraded Stantec from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$126.36.

Stantec Stock Performance

STN opened at C$115.70 on Tuesday. Stantec has a 1-year low of C$92.40 and a 1-year high of C$122.57. The stock has a market cap of C$13.20 billion, a P/E ratio of 38.06, a P/E/G ratio of 1.46 and a beta of 0.82. The stock’s 50 day simple moving average is C$111.46 and its 200 day simple moving average is C$112.79. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46.

Insider Activity at Stantec

In related news, Director Vito Culmone acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. Over the last ninety days, insiders acquired 2,145 shares of company stock worth $241,711. 0.27% of the stock is currently owned by insiders.

Stantec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Tuesday, December 31st. Stantec’s dividend payout ratio (DPR) is 27.63%.

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.