What is Scotiabank’s Forecast for Stantec FY2024 Earnings?

Stantec Inc. (TSE:STN) (NYSE:STN) – Equities researchers at Scotiabank issued their FY2024 earnings estimates for Stantec in a note issued to investors on Wednesday, January 8th. Scotiabank analyst J. Goldman anticipates that the company will earn $4.30 per share for the year. Scotiabank currently has a “Strong-Buy” rating on the stock. Scotiabank also issued estimates for Stantec’s FY2025 earnings at $4.82 EPS.

Other research analysts have also recently issued research reports about the company. CIBC upped their target price on Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. BMO Capital Markets upped their price objective on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Canaccord Genuity Group lifted their target price on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Finally, Stifel Nicolaus upped their price target on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$129.50.

Stantec Stock Performance

Shares of TSE:STN opened at C$111.32 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. Stantec has a 12 month low of C$103.48 and a 12 month high of C$123.92. The company has a market capitalization of C$12.70 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 1.46 and a beta of 0.82. The firm’s 50-day moving average is C$116.14 and its 200 day moving average is C$114.21.

Insider Buying and Selling at Stantec

In related news, Director Vito Culmone purchased 4,000 shares of Stantec stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of C$121.49 per share, with a total value of C$485,960.00. Insiders own 0.27% of the company’s stock.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s payout ratio is 27.63%.

Stantec Company Profile

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.