Stantec (TSE:STN) Posts Earnings Results

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

Stantec Trading Up 13.6%

STN stock traded up C$14.58 during midday trading on Friday, hitting C$121.97. The stock had a trading volume of 468,782 shares, compared to its average volume of 465,361. The business has a fifty day moving average price of C$99.65 and a two-hundred day moving average price of C$109.16. Stantec has a 1-year low of C$93.15 and a 1-year high of C$152.04. The firm has a market cap of C$13.71 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 1.46 and a beta of 0.79. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 80.98.

Stantec Dividend Announcement

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

Insider Activity

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

Wall Street Analyst Weigh In

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

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 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.