National Bank Financial Equities Analysts Raise Earnings Estimates for Stantec Inc. (NYSE:STN)

Stantec Inc. (NYSE:STN – Get Rating) (TSE:STN) – Equities researchers at National Bank Financial increased their Q3 2022 earnings estimates for shares of Stantec in a research note issued on Thursday, May 12th. National Bank Financial analyst M. Sytchev now anticipates that the business services provider will earn $0.68 per share for the quarter, up from their prior forecast of $0.65. National Bank Financial has a “Outperform” rating on the stock.

Stantec (NYSE:STN – Get Rating) (TSE:STN) last released its quarterly earnings results on Wednesday, February 23rd. The business services provider reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Stantec had a net margin of 4.06% and a return on equity of 14.24%. The business had revenue of $726.86 million during the quarter, compared to analyst estimates of $732.46 million.

STN has been the subject of a number of other reports. Raymond James lowered their target price on Stantec from C$85.00 to C$77.00 in a research note on Friday, May 13th. Scotiabank reduced their target price on Stantec from C$78.00 to C$72.00 in a report on Thursday, May 12th. Zacks Investment Research upgraded Stantec from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Wednesday, April 27th. Atb Cap Markets reiterated a “sector perform” rating on shares of Stantec in a report on Friday, May 13th. Finally, Desjardins cut their target price on Stantec from C$81.00 to C$75.00 in a research note on Monday. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $72.15.

Shares of STN stock opened at $44.09 on Monday. Stantec has a 12 month low of $40.92 and a 12 month high of $58.50. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.63. The company has a market cap of $4.90 billion, a PE ratio of 31.49 and a beta of 0.93. The business’s 50 day moving average is $48.23 and its two-hundred day moving average is $51.94.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be issued a $0.1391 dividend. This represents a $0.56 annualized dividend and a yield of 1.26%. The ex-dividend date is Wednesday, June 29th. Stantec’s payout ratio is 40.71%.

A number of large investors have recently made changes to their positions in STN. Quadrant Capital Group LLC grew its position in Stantec by 56.5% in the fourth quarter. Quadrant Capital Group LLC now owns 629 shares of the business services provider’s stock worth $35,000 after acquiring an additional 227 shares in the last quarter. US Bancorp DE grew its position in Stantec by 144.4% in the first quarter. US Bancorp DE now owns 765 shares of the business services provider’s stock worth $38,000 after acquiring an additional 452 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Stantec in the fourth quarter worth $48,000. FourThought Financial LLC grew its position in Stantec by 49.3% in the third quarter. FourThought Financial LLC now owns 1,121 shares of the business services provider’s stock worth $52,000 after acquiring an additional 370 shares in the last quarter. Finally, Addison Advisors LLC purchased a new position in Stantec in the first quarter worth $72,000. 62.35% of the stock is owned by hedge funds and other institutional investors.

Stantec Company Profile (Get Rating)

Stantec Inc provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

Featured Articles