Stantec (NYSE:STN) Updates FY 2024 Earnings Guidance

Stantec (NYSE:STN) (TSE:STN) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.120-3.170 for the period, compared to the consensus estimate of 4.240. The company issued revenue guidance of $4.3 billion-$4.3 billion, compared to the consensus revenue estimate of $5.8 billion.

Stantec Trading Down 4.7 %

Shares of NYSE STN traded down $3.95 during midday trading on Friday, hitting $80.64. 165,469 shares of the company traded hands, compared to its average volume of 107,216. Stantec has a 12-month low of $62.91 and a 12-month high of $88.42. The firm has a market cap of $9.20 billion, a P/E ratio of 36.65 and a beta of 1.02. The stock has a 50-day moving average price of $81.33 and a 200 day moving average price of $82.39. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.39.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. Stantec had a net margin of 4.78% and a return on equity of 16.36%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. As a group, analysts expect that Stantec will post 3.07 earnings per share for the current year.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 0.77%. This is an increase from Stantec’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio is 28.18%.

Wall Street Analysts Forecast Growth

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

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.