FY2024 Earnings Estimate for Stantec Issued By Scotiabank

Stantec Inc. (TSE:STN) (NYSE:STN) – Scotiabank issued their FY2024 earnings per share (EPS) estimates for shares of Stantec in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst J. Goldman forecasts that the company will earn $4.30 per share for the year. Scotiabank currently has a “Strong-Buy” rating on the stock. Scotiabank also issued estimates for Stantec’s FY2025 earnings at $4.82 EPS.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus upped their price target on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. BMO Capital Markets lifted their price objective on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. CIBC raised their price target on Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. Finally, Canaccord Genuity Group upped their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$129.50.

Stantec Price Performance

Shares of TSE STN opened at C$109.97 on Monday. The stock has a market cap of C$12.54 billion, a P/E ratio of 36.17, a P/E/G ratio of 1.46 and a beta of 0.82. Stantec has a twelve month low of C$103.48 and a twelve month high of C$123.92. The stock has a 50 day moving average of C$116.24 and a two-hundred day moving average of C$114.24. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74.

Insider Activity at Stantec

In related news, Director Vito Culmone acquired 3,000 shares of Stantec stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is owned by corporate insiders.

Stantec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a yield of 0.76%. Stantec’s payout ratio is 27.63%.

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.