Stantec Inc. (NYSE:STN – Free Report) (TSE:STN) – Research analysts at Scotiabank issued their FY2024 earnings per share (EPS) estimates for shares of Stantec in a note issued to investors on Wednesday, January 8th. Scotiabank analyst J. Goldman expects that the business services provider will earn $2.99 per share for the year. Scotiabank has a “Sector Outperform” rating on the stock. The consensus estimate for Stantec’s current full-year earnings is $3.09 per share. Scotiabank also issued estimates for Stantec’s FY2025 earnings at $3.35 EPS.
Several other equities analysts have also recently commented on the stock. 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 research report on Saturday, November 16th. Finally, Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Stantec Stock Up 0.6 %
STN opened at $76.57 on Monday. The business has a 50 day moving average of $82.24 and a 200-day moving average of $82.54. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 34.80 and a beta of 1.01. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec has a 1-year low of $74.98 and a 1-year high of $88.42.
Institutional Trading of Stantec
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new position in Stantec during the second quarter worth about $71,000. Blue Trust Inc. lifted its position in shares of Stantec by 802.8% during the 3rd quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after buying an additional 867 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Stantec by 12.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider’s stock valued at $103,000 after buying an additional 129 shares in the last quarter. US Bancorp DE grew its position in Stantec by 30.3% in the third quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 493 shares during the period. Finally, First Trust Direct Indexing L.P. bought a new stake in Stantec in the third quarter valued at $211,000. Institutional investors own 63.86% of the company’s stock.
Stantec Increases Dividend
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 $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.81%. This is an increase 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 (DPR) is presently 26.36%.
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.
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