Stantec (STN) Set to Announce Quarterly Earnings on Thursday

Stantec (NYSE:STN) (TSE:STN) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.91 per share for the quarter. Stantec has set its FY 2024 guidance at 3.050-3.150 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, August 7th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Stantec had a net margin of 4.96% and a return on equity of 16.22%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. On average, analysts expect Stantec to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Stantec Price Performance

Shares of STN traded up $0.56 during mid-day trading on Tuesday, hitting $82.95. 10,648 shares of the company were exchanged, compared to its average volume of 117,661. Stantec has a 1-year low of $61.81 and a 1-year high of $88.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.39. The company has a 50 day moving average of $81.29 and a 200-day moving average of $82.31. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 36.78 and a beta of 1.02.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a $0.152 dividend. This represents a $0.61 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, September 27th. Stantec’s dividend payout ratio (DPR) is presently 27.68%.

Analysts Set New Price Targets

Several brokerages recently commented on STN. Raymond James lowered shares of Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th. Scotiabank initiated coverage on shares of Stantec in a research report on Friday, October 25th. They issued a “sector outperform” rating for the company.

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.