Stantec (TSE:STN) Posts Earnings Results

Stantec (TSE:STN) (NYSE:STN) announced its quarterly earnings data on Thursday. The company reported C$1.89 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$2.35 billion for the quarter. Stantec had a return on equity of 15.26% and a net margin of 6.23%.

Stantec Stock Performance

Shares of STN stock traded up C$14.71 during trading on Friday, reaching C$122.10. 461,648 shares of the company’s stock were exchanged, compared to its average volume of 465,311. Stantec has a twelve month low of C$93.15 and a twelve month high of C$152.04. The firm’s fifty day moving average price is C$99.65 and its 200-day moving average price is C$109.16. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98. The stock has a market capitalization of C$13.72 billion, a PE ratio of 27.56, a PEG ratio of 1.46 and a beta of 0.79.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were issued a dividend of $0.2450 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 0.8%. Stantec’s payout ratio is presently 21.22%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on STN. Desjardins set a C$169.00 target price on shares of Stantec and gave the stock a “buy” rating in a report on Friday, August 14th. ATB Cormark Capital Markets increased their price target on shares of Stantec from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Royal Bank Of Canada decreased their price objective on shares of Stantec from C$148.00 to C$146.00 and set an “outperform” rating for the company in a research report on Friday, August 14th. Finally, Scotia lowered their price objective on shares of Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating on the stock in a research note on Friday, August 14th. Ten equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$143.00.

Insider Buying and Selling at Stantec

In other Stantec news, Director Shelley Ann Marie Brown purchased 393 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was acquired at an average price of C$95.91 per share, with a total value of C$37,692.63. Following the acquisition, the director directly owned 6,277 shares of the company’s stock, valued at C$602,027.07. This trade represents a 6.68% increase in their position. Also, Director Susan Reisbord acquired 2,068 shares of Stantec stock in a transaction on Monday, August 24th. The shares were bought at an average cost of C$102.59 per share, with a total value of C$212,156.12. Following the completion of the transaction, the director owned 8,253 shares of the company’s stock, valued at approximately C$846,675.27. This trade represents a 33.44% increase in their ownership of the stock. Company insiders own 0.27% of the company’s stock.

About Stantec

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 architecture, engineering, 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.