Stifel Canada Comments on Stantec’s Q4 Earnings (NYSE:STN)

Stantec Inc. (NYSE:STN) (TSE:STN) – Investment analysts at Stifel Canada dropped their Q4 2024 EPS estimates for Stantec in a research note issued to investors on Sunday, November 10th. Stifel Canada analyst I. Gillies now expects that the business services provider will post earnings per share of $0.73 for the quarter, down from their previous estimate of $0.74. The consensus estimate for Stantec’s current full-year earnings is $3.07 per share. Stifel Canada also issued estimates for Stantec’s Q2 2025 earnings at $0.94 EPS, Q3 2025 earnings at $0.95 EPS, Q4 2025 earnings at $0.84 EPS and FY2026 earnings at $3.87 EPS.

Other research analysts have also issued research reports about the stock. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a report on Monday. Raymond James cut shares of Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th. StockNews.com cut shares of Stantec from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Scotiabank assumed coverage on shares of Stantec in a report on Friday, October 25th. They issued a “sector outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Stantec Trading Down 0.8 %

NYSE STN opened at $82.30 on Tuesday. The firm has a 50 day simple moving average of $81.37 and a 200-day simple moving average of $82.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.39. Stantec has a one year low of $67.54 and a one year high of $88.42. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 37.41 and a beta of 1.02.

Institutional Trading of Stantec

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Stantec by 3.2% during the first quarter. Vanguard Group Inc. now owns 4,344,568 shares of the business services provider’s stock worth $360,773,000 after purchasing an additional 133,687 shares in the last quarter. Bank of Montreal Can raised its holdings in Stantec by 15.1% during the second quarter. Bank of Montreal Can now owns 3,176,820 shares of the business services provider’s stock worth $265,177,000 after purchasing an additional 415,993 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Stantec by 2.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,776,167 shares of the business services provider’s stock worth $142,817,000 after purchasing an additional 48,009 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Stantec by 175.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,266,214 shares of the business services provider’s stock valued at $105,850,000 after acquiring an additional 806,869 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of Stantec by 11.1% in the 2nd quarter. National Bank of Canada FI now owns 940,461 shares of the business services provider’s stock valued at $77,860,000 after acquiring an additional 93,823 shares during the period. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.155 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.62 dividend on an annualized basis and a yield of 0.75%. This is a boost from Stantec’s previous quarterly dividend of $0.15. Stantec’s dividend payout ratio (DPR) is presently 28.18%.

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.