Stantec (NYSE:STN - Get Free Report) TSE: STN was downgraded by analysts at Raymond James from a "moderate buy" rating to a "hold" rating in a research report issued on Thursday, MarketBeat.com reports. Raymond James also issued estimates for Stantec's Q3 2024 earnings at $0.91 EPS, Q4 2024 earnings at $0.60 EPS, FY2024 earnings at $2.99 EPS, Q1 2025 earnings at $0.74 EPS, Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $0.79 EPS and FY2025 earnings at $3.49 EPS.
Stantec Trading Down 2.2 %
Shares of STN stock traded down $1.76 during trading hours on Thursday, hitting $79.78. 123,739 shares of the company were exchanged, compared to its average volume of 110,487. The company has a 50 day simple moving average of $83.91 and a two-hundred day simple moving average of $82.74. Stantec has a fifty-two week low of $59.55 and a fifty-two week high of $88.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $9.10 billion, a P/E ratio of 34.84 and a beta of 1.04.
Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.04. Stantec had a net margin of 5.19% and a return on equity of 16.51%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $996.81 million. Equities analysts anticipate that Stantec will post 3.1 EPS for the current year.
Institutional Trading of Stantec
Several hedge funds have recently bought and sold shares of STN. Raymond James Financial Services Advisors Inc. acquired a new stake in Stantec in the 4th quarter valued at $214,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Stantec by 0.8% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 240,142 shares of the business services provider's stock worth $19,343,000 after acquiring an additional 1,925 shares during the last quarter. Calamos Wealth Management LLC boosted its holdings in Stantec by 29.7% during the 4th quarter. Calamos Wealth Management LLC now owns 26,591 shares of the business services provider's stock worth $2,132,000 after acquiring an additional 6,086 shares during the last quarter. Jennison Associates LLC purchased a new position in Stantec during the 4th quarter worth $4,055,000. Finally, Cumberland Partners Ltd boosted its holdings in Stantec by 153.2% during the 4th quarter. Cumberland Partners Ltd now owns 14,658 shares of the business services provider's stock worth $1,183,000 after acquiring an additional 8,868 shares during the last quarter. Institutional investors and hedge funds own 63.86% of the company's stock.
Stantec Company Profile
(Get Free Report)
Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.
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