Key Points
- Director Shelley Ann Marie Brown purchased 393 Stantec shares at an average price of C$95.91, investing C$37,692.63 and increasing her holdings by 6.68% to 6,277 shares.
- Stantec reported quarterly earnings of C$1.61 per share on C$2.23 billion in revenue, with a 6.23% net margin and 15.26% return on equity.
- The company declared a quarterly dividend of C$0.245, equivalent to C$0.98 annually and a 1.0% yield. Analysts maintained a consensus “Buy” rating with an average target price of C$143.00.
Stantec Inc. (TSE:STN - Get Free Report) (NYSE:STN) Director Shelley Ann Marie Brown purchased 393 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The shares were purchased at an average cost of C$95.91 per share, with a total value of C$37,692.63. Following the completion of the purchase, the director owned 6,277 shares in the company, valued at C$602,027.07. This trade represents a 6.68% increase in their position.
Stantec Stock Performance
Shares of TSE:STN opened at C$96.25 on Friday. The company has a market capitalization of C$10.82 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.46 and a beta of 0.73. Stantec Inc. has a 12 month low of C$93.28 and a 12 month high of C$160.05. The firm's 50-day moving average is C$100.24 and its 200 day moving average is C$106.31. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 80.98.
Stantec (TSE:STN - Get Free Report) (NYSE:STN) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$1.61 earnings per share for the quarter. The company had revenue of C$2.23 billion for the quarter. Stantec had a net margin of 6.23% and a return on equity of 15.26%.
Stantec Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th will be issued a $0.2450 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 29th. Stantec's dividend payout ratio is presently 21.22%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on STN. Scotiabank dropped their price objective 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. National Bank Financial reduced their target price on Stantec from C$143.00 to C$120.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th. Royal Bank Of Canada decreased their target price on Stantec from C$148.00 to C$146.00 and set an "outperform" rating for the company in a research report on Friday, August 14th. Scotia lowered their target price on shares of Stantec from C$133.00 to C$129.00 and set a "sector outperform" rating for the company in a research note on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce cut their price target on shares of Stantec from C$160.00 to C$137.00 and set an "outperformer" rating on the stock in a report on Wednesday, July 8th. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$143.00.
Read Our Latest Report on STN
Stantec Company Profile
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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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