Brokers Issue Forecasts for Stantec Inc.’s Q1 2024 Earnings (NYSE:STN)

Stantec Inc. (NYSE:STN) (TSE:STN) – Analysts at Atb Cap Markets dropped their Q1 2024 earnings per share (EPS) estimates for Stantec in a research note issued to investors on Wednesday, May 1st. Atb Cap Markets analyst C. Murray now forecasts that the business services provider will post earnings per share of $0.64 for the quarter, down from their prior estimate of $0.74. Atb Cap Markets currently has a “Sector Perform” rating on the stock. The consensus estimate for Stantec’s current full-year earnings is $3.14 per share. Atb Cap Markets also issued estimates for Stantec’s Q2 2024 earnings at $0.85 EPS, FY2024 earnings at $3.12 EPS, Q4 2025 earnings at $0.77 EPS and FY2025 earnings at $3.43 EPS.

Stantec Stock Up 0.1 %

Stantec stock opened at $83.73 on Monday. Stantec has a fifty-two week low of $56.49 and a fifty-two week high of $87.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 38.06 and a beta of 1.05. The company’s 50 day simple moving average is $82.62 and its 200 day simple moving average is $77.71.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, February 28th. The business services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Stantec had a return on equity of 16.50% and a net margin of 5.11%. The business had revenue of $912.51 million for the quarter, compared to analyst estimates of $891.12 million.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.1548 dividend. This is a positive change from Stantec’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.62 annualized dividend and a dividend yield of 0.74%. Stantec’s payout ratio is 26.36%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Stantec during the third quarter worth $26,000. UniSuper Management Pty Ltd acquired a new stake in shares of Stantec in the 3rd quarter valued at about $52,000. Tobam bought a new stake in shares of Stantec in the first quarter valued at about $153,000. Quantbot Technologies LP lifted its holdings in shares of Stantec by 456.3% in the third quarter. Quantbot Technologies LP now owns 2,726 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 2,236 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Stantec during the fourth quarter worth about $214,000. 63.86% of the stock is currently owned by institutional investors.

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.