Stantec (NYSE:STN – Get Rating) (TSE:STN) updated its FY 2022 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.33-$2.41 for the period, compared to the consensus earnings per share estimate of $2.31. The company issued revenue guidance of $3.39 billion-$3.50 billion, compared to the consensus revenue estimate of $3.36 billion.
A number of brokerages have weighed in on STN. TD Securities reduced their target price on Stantec from C$80.00 to C$74.00 in a report on Friday, May 13th. National Bank Financial raised Stantec from a sector perform rating to an outperform rating in a report on Thursday, February 24th. Desjardins cut their price objective on Stantec from C$81.00 to C$75.00 in a report on Monday, May 16th. BMO Capital Markets cut their price objective on Stantec from C$78.00 to C$72.00 in a report on Friday, May 13th. Finally, Royal Bank of Canada cut their price objective on Stantec from C$69.00 to C$65.00 in a report on Friday, May 13th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Buy and an average price target of $72.15.
Shares of STN stock traded up $0.06 during mid-day trading on Friday, hitting $44.41. The company’s stock had a trading volume of 73,539 shares, compared to its average volume of 100,647. The company’s fifty day simple moving average is $47.90 and its 200-day simple moving average is $51.74. Stantec has a 52 week low of $40.92 and a 52 week high of $58.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market cap of $4.94 billion, a PE ratio of 31.72 and a beta of 0.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be given a $0.1391 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, June 29th. Stantec’s dividend payout ratio (DPR) is presently 40.71%.
Institutional investors have recently modified their holdings of the stock. US Bancorp DE increased its position in Stantec by 144.4% in the 1st quarter. US Bancorp DE now owns 765 shares of the business services provider’s stock valued at $38,000 after buying an additional 452 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Stantec during the 4th quarter worth approximately $88,000. Cubist Systematic Strategies LLC bought a new stake in Stantec during the 4th quarter worth approximately $207,000. Susquehanna International Group LLP bought a new stake in Stantec during the 4th quarter worth approximately $278,000. Finally, JustInvest LLC increased its holdings in Stantec by 9.2% during the 4th quarter. JustInvest LLC now owns 6,054 shares of the business services provider’s stock worth $341,000 after purchasing an additional 509 shares in the last quarter. 62.35% of the stock is owned by institutional investors and hedge funds.
Stantec Company Profile (Get Rating)
Stantec Inc provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.
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