Stantec (NYSE:STN – Get Free Report) (TSE:STN) updated its FY 2023 earnings guidance on Thursday. The company provided EPS guidance of $2.61-$2.68 for the period, compared to the consensus EPS estimate of $2.64. The company issued revenue guidance of $3.65 billion-$3.75 billion, compared to the consensus revenue estimate of $3.69 billion.
Stantec Stock Performance
Shares of Stantec stock opened at $66.72 on Thursday. The firm has a 50 day simple moving average of $64.98 and a 200 day simple moving average of $59.78. Stantec has a fifty-two week low of $43.04 and a fifty-two week high of $69.02. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market cap of $7.40 billion, a P/E ratio of 36.66 and a beta of 0.92.
Stantec (NYSE:STN – Get Free Report) (TSE:STN) last posted its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. Stantec had a return on equity of 16.17% and a net margin of 4.52%. The business had revenue of $952.03 million for the quarter, compared to analysts’ expectations of $915.79 million. Sell-side analysts predict that Stantec will post 2.62 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
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Hedge Funds Weigh In On Stantec
Large investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. acquired a new position in shares of Stantec during the fourth quarter worth about $26,000. US Bancorp DE raised its holdings in shares of Stantec by 144.4% in the first quarter. US Bancorp DE now owns 765 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 452 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Stantec by 189.4% in the first quarter. Advisors Asset Management Inc. now owns 4,550 shares of the business services provider’s stock worth $228,000 after purchasing an additional 2,978 shares in the last quarter. Barclays PLC boosted its holdings in Stantec by 126.9% during the fourth quarter. Barclays PLC now owns 5,900 shares of the business services provider’s stock worth $283,000 after purchasing an additional 3,300 shares during the last quarter. Finally, CenterBook Partners LP acquired a new stake in Stantec in the 1st quarter valued at $302,000. Institutional investors own 58.02% of the company’s stock.
Stantec Company Profile
Stantec Inc provides e professional services in the areas of infrastructure and facilities to the public and private sectors clients in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.
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