Stantec (TSE:STN) Announces Earnings Results

Stantec (TSE:STN) (NYSE:STN) announced its earnings results on Wednesday. The company reported C$1.33 earnings per share for the quarter, FiscalAI reports. Stantec had a return on equity of 15.28% and a net margin of 6.47%.The business had revenue of C$2.07 billion during the quarter.

Stantec Stock Performance

Shares of TSE STN traded down C$7.33 during mid-day trading on Wednesday, hitting C$106.92. The company had a trading volume of 623,880 shares, compared to its average volume of 394,424. Stantec has a 12 month low of C$106.11 and a 12 month high of C$160.05. The firm has a market cap of C$12.20 billion, a P/E ratio of 25.46, a PEG ratio of 1.46 and a beta of 0.76. The business’s 50-day simple moving average is C$122.34 and its 200-day simple moving average is C$131.31. The company has a debt-to-equity ratio of 96.66, a current ratio of 1.23 and a quick ratio of 1.46.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on STN shares. Scotiabank decreased their target price on shares of Stantec from C$162.00 to C$146.00 and set an “outperform” rating for the company in a report on Friday, February 27th. National Bank Financial dropped their price target on Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Desjardins lifted their target price on Stantec from C$173.00 to C$178.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Royal Bank Of Canada boosted their price objective on shares of Stantec from C$168.00 to C$175.00 in a research report on Friday, February 27th. Finally, Raymond James Financial decreased their target price on shares of Stantec from C$180.00 to C$165.00 in a research note on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Stantec has an average rating of “Moderate Buy” and a consensus target price of C$159.00.

Stantec Company Profile

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.