FY2025 Earnings Forecast for Stantec Issued By Desjardins

Stantec Inc. (NYSE:STN) (TSE:STN) – Equities research analysts at Desjardins boosted their FY2025 earnings estimates for shares of Stantec in a report issued on Tuesday, February 25th. Desjardins analyst B. Poirier now anticipates that the business services provider will earn $3.58 per share for the year, up from their previous estimate of $3.43. The consensus estimate for Stantec’s current full-year earnings is $3.05 per share. Desjardins also issued estimates for Stantec’s FY2025 earnings at $3.58 EPS.

Several other equities research analysts have also issued reports on STN. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating in a research note on Wednesday. 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 report on Monday, November 11th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Stantec Stock Performance

Shares of NYSE:STN opened at $84.64 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. The firm’s 50 day simple moving average is $78.36 and its 200-day simple moving average is $81.02. Stantec has a one year low of $73.18 and a one year high of $90.24. The firm has a market cap of $9.65 billion, a PE ratio of 38.47 and a beta of 1.01.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a $0.1574 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.16. Stantec’s dividend payout ratio (DPR) is 26.36%.

Institutional Trading of Stantec

Several hedge funds and other institutional investors have recently bought and sold shares of STN. Stifel Financial Corp grew its holdings in shares of Stantec by 3.1% during the third quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider’s stock valued at $341,000 after buying an additional 126 shares during the last quarter. Atria Investments Inc grew its stake in shares of Stantec by 4.3% during the fourth quarter. Atria Investments Inc now owns 3,650 shares of the business services provider’s stock valued at $286,000 after buying an additional 151 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Stantec by 4.5% in the fourth quarter. Signaturefd LLC now owns 4,041 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 175 shares during the period. Mariner LLC raised its position in shares of Stantec by 4.2% in the 4th quarter. Mariner LLC now owns 4,880 shares of the business services provider’s stock worth $383,000 after acquiring an additional 195 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Stantec by 5.1% during the third quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider’s stock valued at $324,000 after acquiring an additional 196 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.

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.