Stantec (TSE:STN) Posts Earnings Results

Stantec (TSE:STN) (NYSE:STN) posted its quarterly earnings results on Wednesday. The company reported C$1.61 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$2.23 billion for the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.

Stantec Stock Performance

Shares of Stantec stock opened at C$103.55 on Thursday. The company has a market capitalization of C$11.81 billion, a PE ratio of 24.14, a P/E/G ratio of 1.46 and a beta of 0.70. The company has a 50-day simple moving average of C$99.14 and a two-hundred day simple moving average of C$113.59. Stantec has a one year low of C$93.28 and a one year high of C$160.05. The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35.

Wall Street Analyst Weigh In

Several analysts recently weighed in on STN shares. ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating and decreased their price objective for the company from C$157.00 to C$130.00 in a report on Friday, May 15th. Raymond James Financial cut their target price on shares of Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. National Bank Financial reduced their price target on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Desjardins lowered their price target on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Finally, BMO Capital Markets dropped their price objective on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Twelve research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$144.42.

Insider Transactions at Stantec

In other news, Director Clayton Bock bought 1,485 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average price of C$94.85 per share, with a total value of C$140,852.25. Following the completion of the transaction, the director directly owned 4,895 shares of the company’s stock, valued at approximately C$464,290.75. The trade was a 43.55% increase in their position. Also, Director Douglas Keith Ammerman bought 681 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were purchased at an average cost of C$97.84 per share, with a total value of C$66,629.04. Following the transaction, the director directly owned 42,512 shares of the company’s stock, valued at C$4,159,374.08. The trade was a 1.63% increase in their ownership of the stock. 0.27% of the stock is currently owned by company insiders.

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 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.