National Bank Financial Cuts Earnings Estimates for Stantec

Stantec Inc. (NYSE:STN) (TSE:STN) – Stock analysts at National Bank Financial dropped their Q4 2024 earnings per share estimates for Stantec in a research note issued on Tuesday, December 3rd. National Bank Financial analyst M. Sytchev now anticipates that the business services provider will post earnings per share of $0.67 for the quarter, down from their previous estimate of $0.68. The consensus estimate for Stantec’s current full-year earnings is $3.10 per share. National Bank Financial also issued estimates for Stantec’s Q1 2025 earnings at $0.71 EPS, Q2 2025 earnings at $1.00 EPS, Q3 2025 earnings at $1.06 EPS, Q4 2025 earnings at $0.81 EPS, FY2025 earnings at $3.57 EPS and FY2026 earnings at $4.10 EPS.

STN has been the subject of a number of other reports. Scotiabank started coverage on Stantec in a report on Friday, October 25th. They set a “sector outperform” rating for the company. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. StockNews.com raised shares of Stantec from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Finally, Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Stantec Price Performance

NYSE STN opened at $86.53 on Thursday. The stock has a 50-day simple moving average of $83.52 and a 200 day simple moving average of $82.81. Stantec has a twelve month low of $74.62 and a twelve month high of $88.42. The stock has a market capitalization of $9.87 billion, a PE ratio of 39.33 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42.

Institutional Investors Weigh In On Stantec

Institutional investors and hedge funds have recently bought and sold shares of the business. Oddo BHF Asset Management Sas acquired a new stake in Stantec during the third quarter valued at approximately $3,117,000. Toronto Dominion Bank boosted its stake in Stantec by 198.4% in the 3rd quarter. Toronto Dominion Bank now owns 378,119 shares of the business services provider’s stock valued at $30,405,000 after buying an additional 251,407 shares in the last quarter. Geode Capital Management LLC grew its position in Stantec by 9.7% in the third quarter. Geode Capital Management LLC now owns 523,581 shares of the business services provider’s stock valued at $42,781,000 after acquiring an additional 46,267 shares during the period. Barclays PLC raised its stake in Stantec by 73.2% during the third quarter. Barclays PLC now owns 31,001 shares of the business services provider’s stock worth $2,493,000 after acquiring an additional 13,107 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Stantec during the third quarter worth $877,000. Institutional investors own 63.86% of the company’s stock.

Stantec Increases Dividend

The company also recently announced 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 represents a $0.62 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio is presently 28.18%.

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.