During the last session, Stantec Inc (NYSE:STN)’s traded shares were 0.66 million, with the beta value of the company hitting 1.03. At the end of the trading day, the stock’s price was $80.21, reflecting an intraday loss of -1.12% or -$0.91. The 52-week high for the STN share is $88.42, that puts it down -10.24 from that peak though still a striking 25.76% gain since the share price plummeted to a 52-week low of $59.55. The company’s market capitalization is $9.15B, and the average intraday trading volume over the past 10 days was 0.18 million shares, and the average trade volume was 117.22K shares over the past three months.
Stantec Inc (STN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.73. STN has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.93.
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Stantec Inc (NYSE:STN) trade information
Stantec Inc (STN) registered a -1.12% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.12% in intraday trading to $80.21, hitting a weekly high. The stock’s 5-day price performance is 3.60%, and it has moved by -4.66% in 30 days. Based on these gigs, the overall price performance for the year is 20.71%. The short interest in Stantec Inc (NYSE:STN) is 0.88 million shares and it means that shorts have 7.64 day(s) to cover.
The consensus price target of analysts on Wall Street is $62.07, which implies a decrease of -29.23% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $62.06830734 and $62.06830734 respectively. As a result, STN is trading at a premium of 22.62% off the target high and 22.62% off the low.
Stantec Inc (STN) estimates and forecasts
Statistics show that Stantec Inc has outperformed its competitors in share price, compared to the industry in which it operates. Stantec Inc (STN) shares have gone down -6.82% during the last six months, with a year-to-date growth rate more than the industry average at 12.87% against 3.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 9.40% this quarter and then jump 20.00% in the quarter after that. In the rating firms’ projections, revenue will increase 14.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.12B as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 1.05B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 977M and 912.04M respectively. In this case, analysts expect current quarter sales to grow by 14.20% and then jump by 15.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 40.36%. While earnings are projected to return 15.20% in 2024, the next five years will return 7.02% per annum.
STN Dividends
Stantec Inc is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Stantec Inc is 0.60, with the dividend yield indicating at 0.75 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.13%.
Stantec Inc (NYSE:STN)’s Major holders
Stantec Inc insiders own 0.27% of total outstanding shares while institutional holders control 73.71%, with the float percentage being 73.90%. MACKENZIE FINANCIAL CORP is the largest shareholder of the company, while 492.0 institutions own stock in it. As of 2024-06-30, the company held over 8.86 million shares (or 7.7667% of all shares), a total value of $741.76 million in shares.
The next largest institutional holding, with 5.32 million shares, is of JARISLOWSKY, FRASER LTD’s that is approximately 4.6612% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $445.02 million.
