Atb Cap Markets Raises Earnings Estimates for Stantec

Stantec Inc. (TSE:STN) (NYSE:STN) – Analysts at Atb Cap Markets lifted their FY2024 earnings estimates for shares of Stantec in a research report issued on Sunday, November 10th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings of $4.31 per share for the year, up from their prior forecast of $4.25. Atb Cap Markets also issued estimates for Stantec’s Q4 2024 earnings at $0.99 EPS, Q1 2025 earnings at $1.07 EPS, Q2 2025 earnings at $1.26 EPS, FY2025 earnings at $4.74 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.40 EPS, Q3 2026 earnings at $1.41 EPS and FY2026 earnings at $5.31 EPS.

Several other brokerages also recently commented on STN. Scotiabank raised Stantec to a “strong-buy” rating in a report on Friday, October 25th. Raymond James downgraded Stantec from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Stifel Nicolaus upped their target price on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. BMO Capital Markets raised their price target on shares of Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Finally, Canaccord Genuity Group upped their price objective on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$124.33.

Stantec Price Performance

Shares of TSE:STN opened at C$115.55 on Tuesday. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. Stantec has a 52 week low of C$92.40 and a 52 week high of C$122.57. The firm has a market cap of C$13.18 billion, a PE ratio of 38.01, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The firm’s fifty day moving average is C$111.32 and its 200-day moving average is C$112.71.

Stantec Dividend Announcement

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 given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Tuesday, December 31st. Stantec’s payout ratio is 27.63%.

Insider Buying and Selling

In other news, Director Vito Culmone acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average price of C$112.97 per share, for a total transaction of C$225,940.00. In other Stantec news, Director Asifa Samji acquired 300 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were purchased at an average cost of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the purchase, the director now owns 840 shares of the company’s stock, valued at approximately C$92,190. This represents a 0.00 % increase in their ownership of the stock. Also, Director Vito Culmone acquired 2,000 shares of Stantec stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of C$112.97 per share, with a total value of C$225,940.00. In the last three months, insiders have bought 2,445 shares of company stock valued at $274,636. 0.27% of the stock is owned by company insiders.

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.