Stantec (TSE:STN) Releases Quarterly Earnings Results

Stantec (TSE:STN) (NYSE:STN) posted its quarterly earnings data on Thursday. The company reported C$1.53 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C($435.10) million for the quarter. Stantec had a net margin of 4.78% and a return on equity of 12.08%.

Stantec Trading Up 1.7%

Shares of STN stock traded up C$2.57 during trading hours on Friday, hitting C$149.49. 377,927 shares of the company were exchanged, compared to its average volume of 284,566. The firm has a fifty day moving average of C$153.21 and a 200 day moving average of C$147.81. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. Stantec has a 1 year low of C$107.23 and a 1 year high of C$160.05. The firm has a market cap of C$17.05 billion, a PE ratio of 39.13, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were given a dividend of $0.225 per share. The ex-dividend date was Monday, September 29th. This represents a $0.90 annualized dividend and a yield of 0.6%. Stantec’s dividend payout ratio is 22.77%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Scotiabank lifted their target price on shares of Stantec from C$160.00 to C$161.00 in a report on Friday, October 17th. Desjardins lifted their price objective on Stantec from C$153.00 to C$158.00 and gave the company a “buy” rating in a report on Friday, August 15th. National Bankshares boosted their target price on Stantec from C$162.00 to C$164.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. TD Securities raised their price target on Stantec from C$176.00 to C$183.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, CIBC lifted their price target on Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$161.55.

About Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.