Stantec (TSE:STN) Posts Quarterly Earnings Results

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

Stantec Trading Down 6.4%

Stantec stock opened at C$106.92 on Thursday. The stock 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 company has a debt-to-equity ratio of 96.66, a current ratio of 1.23 and a quick ratio of 1.46. Stantec has a 1 year low of C$106.11 and a 1 year high of C$160.05. The firm’s 50 day moving average price is C$121.94 and its 200-day moving average price is C$130.96.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. National Bank Financial lowered their price objective on shares of Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Scotiabank lowered their price objective on shares of Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Desjardins raised their target price on shares of Stantec from C$173.00 to C$178.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Raymond James Financial dropped their price target on shares of Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada upped their price target on shares of Stantec from C$168.00 to C$175.00 in a research report on Friday, February 27th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Stantec presently has a consensus rating of “Moderate Buy” and an average 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.