Stantec (TSE:STN) Releases Earnings Results

Stantec (TSE:STN) (NYSE:STN) issued its earnings results on Wednesday. The company reported C$1.61 earnings per share (EPS) for the quarter, FiscalAI reports. Stantec had a return on equity of 15.21% and a net margin of 6.19%.The business had revenue of C$2.23 billion during the quarter.

Stantec Stock Performance

TSE STN traded down C$0.08 on Friday, reaching C$102.74. The stock had a trading volume of 246,249 shares, compared to its average volume of 454,564. Stantec has a 1-year low of C$93.28 and a 1-year 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 company has a market cap of C$11.72 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.46 and a beta of 0.70. The firm has a fifty day moving average of C$99.11 and a two-hundred day moving average of C$113.34.

Insider Buying and Selling

In other Stantec news, Director Clayton Bock bought 1,485 shares of Stantec stock in a transaction on Friday, June 26th. The shares were purchased at an average price of C$94.85 per share, with a total value of C$140,852.25. Following the acquisition, the director owned 4,895 shares in the company, valued at C$464,290.75. This trade represents a 43.55% increase in their position. Also, Director Douglas Keith Ammerman acquired 681 shares of Stantec stock in a transaction on Thursday, July 2nd. The stock was purchased at an average cost 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 of the company’s stock, valued at approximately C$4,159,374.08. This trade represents a 1.63% increase in their position. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on STN shares. BMO Capital Markets reduced their price objective on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce reduced their price target on Stantec from C$160.00 to C$137.00 and set an “outperformer” rating for the company in a research report on Wednesday, July 8th. Stifel Nicolaus decreased their price target 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 dropped their price objective on Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 10th. Finally, National Bank Financial cut their price objective on Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Twelve equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$144.42.

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.