Earnings grew 23.3% at Stantec

Earnings grew 23.3% at Stantec

The firm is narrowing its focus to climate solutions, infrastructure projects, and digital technologies, a strategic shift expected to drive annual revenue growth (excluding acquisitions) by approximately 7% per year.

Meanwhile, management reported an 11.5% increase in revenue in the most recent quarter as well as… Read More

Aggressive industrials for your portfolio

We continue to recommend all investors allocate as much as 20% of their portfolios to aggressive stocks such as the three we analyze below.
All three of these industrial stocks operate in cyclical industries, which makes them vulnerable to economic downturns. However, they are all leaders… Read More

Updating your Cyclical-Growth Payers: Stantec

STANTEC INC. $108 is a buy. This engineering firm (Toronto symbol STN; Cyclical-Growth Payer Portfolio, Manufacturing sector; Shares outstanding: 114.1 million; Market cap: $12.3 billion; Dividend yield: 0.8%; Dividend Sustainability Rating: Above Average; www.stantec.com) is a leading seller of consulting, project-delivery, design and technology services.
With the April 2024 payment,… Read More

Stantec has more gains ahead

Engineering firm Stantec is now up roughly 200% since we promoted the company to our Successful Investor Aggressive Growth Portfolio (in the April 2020 issue) from our Power Growth Investor newsletter. That’s mainly because higher government spending on new infrastructure projects is spurring demand for… Read More