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 Upgrades and Downgrades

STN has been the subject of several research analyst reports. Raymond James lowered shares of Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th. Scotiabank began coverage on shares of Stantec in a report on Friday, October 25th. They issued a “sector outperform” rating on the stock.

Stantec Stock Up 0.3 %

NYSE:STN traded up $0.29 during trading hours on Thursday, hitting $84.59. 123,875 shares of the company traded hands, compared to its average volume of 118,221. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.51. The company has a market cap of $9.65 billion, a PE ratio of 37.63 and a beta of 1.02. The firm’s 50-day simple moving average is $81.32 and its 200-day simple moving average is $82.35. Stantec has a one year low of $62.18 and a one year high of $88.42.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Stantec had a net margin of 4.96% and a return on equity of 16.22%. Equities analysts predict that Stantec will post 3.07 earnings per share for the current year.

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.