What is Scotiabank’s Estimate for Stantec FY2024 Earnings?

Stantec Inc. (NYSE:STNFree Report) (TSE:STN) – Scotiabank issued their FY2024 earnings per share (EPS) estimates for Stantec in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst J. Goldman expects that the business services provider will post earnings per share of $2.99 for the year. Scotiabank has a “Sector Outperform” rating on the stock. The consensus estimate for Stantec’s current full-year earnings is $3.09 per share. Scotiabank also issued estimates for Stantec’s FY2025 earnings at $3.35 EPS.

Other equities analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Get Our Latest Analysis on STN

Stantec Trading Up 1.1 %

Stantec stock opened at $77.45 on Monday. The firm has a market cap of $8.83 billion, a PE ratio of 35.20 and a beta of 1.01. Stantec has a 12 month low of $74.98 and a 12 month high of $88.42. The stock’s 50 day simple moving average is $82.12 and its two-hundred day simple moving average is $82.48. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.155 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.80%. Stantec’s dividend payout ratio (DPR) is 26.36%.

Institutional Trading of Stantec

Several institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Stantec in the 2nd quarter valued at $71,000. Blue Trust Inc. grew its holdings in shares of Stantec by 802.8% during the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after buying an additional 867 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Stantec by 12.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider’s stock valued at $103,000 after buying an additional 129 shares during the last quarter. US Bancorp DE lifted its stake in shares of Stantec by 30.3% in the third quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock worth $171,000 after buying an additional 493 shares in the last quarter. Finally, First Trust Direct Indexing L.P. acquired a new position in Stantec during the third quarter worth about $211,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

About Stantec

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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.

See Also

Earnings History and Estimates for Stantec (NYSE:STN)

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