Stantec (TSE:STN) Issues Earnings Results

Stantec (TSE:STN) (NYSE:STN) released its quarterly earnings data on Wednesday. The company reported C$1.33 earnings per share for the quarter, FiscalAI reports. Stantec had a return on equity of 15.28% and a net margin of 6.47%.The company had revenue of C$2.07 billion for the quarter.

Stantec Stock Up 1.8%

TSE STN opened at C$101.75 on Friday. The stock’s 50 day simple moving average is C$121.36 and its 200 day simple moving average is C$130.56. Stantec has a one year low of C$99.67 and a one year high of C$160.05. The firm has a market cap of C$11.61 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76. The company has a debt-to-equity ratio of 96.66, a current ratio of 1.23 and a quick ratio of 1.46.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on STN shares. National Bank Financial dropped their target price on Stantec from C$163.00 to C$143.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Stifel Nicolaus dropped their price objective on Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Scotiabank cut their price objective on Stantec from C$162.00 to C$146.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Raymond James Financial reduced their target price on shares of Stantec from C$180.00 to C$165.00 in a research note on Wednesday, April 29th. Finally, TD Securities lowered their target price on shares of Stantec from C$183.00 to C$158.00 in a report on Tuesday, February 24th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$159.00.

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.