Stantec (TSE:STN – Get Free Report) (NYSE:STN) announced its earnings results on Wednesday. The company reported C$1.61 earnings per share (EPS) for the quarter, FiscalAI reports. Stantec had a net margin of 6.19% and a return on equity of 15.21%. The company had revenue of C$2.23 billion for the quarter.
Stantec Trading Down 0.2%
STN traded down C$0.22 during trading hours on Wednesday, reaching C$103.55. The company’s stock had a trading volume of 571,393 shares, compared to its average volume of 453,274. The stock has a market cap 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. Stantec has a fifty-two week low of C$93.28 and a fifty-two week high of C$160.05. The company has a debt-to-equity ratio of 76.67, a current ratio of 1.35 and a quick ratio of 1.46. The business’s 50-day moving average is C$99.11 and its 200-day moving average is C$113.85.
Wall Street Analyst Weigh In
STN has been the topic of several research reports. Royal Bank Of Canada decreased their price target on shares of Stantec from C$175.00 to C$155.00 in a research note on Friday, May 15th. Stifel Nicolaus cut their price objective on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Canadian Imperial Bank of Commerce lowered their target price on Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a report on Wednesday, July 8th. Scotiabank cut their price target on Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating for the company in a report on Friday, July 10th. Finally, Raymond James Financial lowered their price objective on Stantec from C$180.00 to C$165.00 in a research note on Wednesday, April 29th. Twelve research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Stantec currently has an average rating of “Buy” and an average target price of C$144.42.
Insiders Place Their Bets
In other Stantec news, Director Douglas Keith Ammerman purchased 681 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were acquired at an average price of C$97.84 per share, with a total value of C$66,629.04. Following the purchase, the director directly owned 42,512 shares in the company, valued at approximately C$4,159,374.08. This trade represents a 1.63% increase in their position. Also, Director Clayton Bock purchased 1,485 shares of the stock in a transaction dated Friday, June 26th. The shares were acquired at an average price of C$94.85 per share, with a total value of C$140,852.25. Following the completion of the acquisition, the director owned 4,895 shares in the company, valued at approximately C$464,290.75. This trade represents a 43.55% increase in their position. 0.27% of the stock is owned by 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.
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