Q2 2019 EPS Estimates for WSP Global Inc Decreased by Raymond James (WSP)

WSP Global Inc (TSE:WSP) – Stock analysts at Raymond James decreased their Q2 2019 earnings per share (EPS) estimates for shares of WSP Global in a note issued to investors on Wednesday, May 15th. Raymond James analyst F. Bastien now forecasts that the company will post earnings per share of $0.84 for the quarter, down from their prior forecast of $0.92. Raymond James has a “Outperform” rating and a $80.00 price objective on the stock. Raymond James also issued estimates for WSP Global’s Q3 2019 earnings at $1.03 EPS, Q4 2019 earnings at $0.87 EPS and Q2 2020 earnings at $0.96 EPS.

WSP Global (TSE:WSP) last posted its earnings results on Thursday, March 14th. The company reported C$0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.87 by C($0.30). The business had revenue of C$1.54 billion during the quarter, compared to the consensus estimate of C$1.52 billion.

A number of other equities research analysts also recently weighed in on the company. Canaccord Genuity lifted their price objective on WSP Global from C$70.00 to C$72.00 in a report on Friday, March 15th. Desjardins raised WSP Global from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Royal Bank of Canada lifted their price objective on WSP Global from C$80.00 to C$82.00 and gave the company an “outperform” rating in a report on Friday, March 15th. TD Securities boosted their target price on WSP Global from C$75.00 to C$81.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, BMO Capital Markets reduced their target price on WSP Global from C$74.00 to C$72.00 and set a “market perform” rating on the stock in a report on Thursday, January 31st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. WSP Global has an average rating of “Buy” and an average price target of C$78.72.

Shares of WSP opened at C$73.46 on Friday. WSP Global has a 12-month low of C$56.09 and a 12-month high of C$75.42. The company has a debt-to-equity ratio of 46.77, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market cap of $7.59 billion and a P/E ratio of 30.87.

About WSP Global

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, Asia, New Zealand, and internationally. The company advises, plans, designs, and manages projects for rail transit, aviation, highway, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and partners.

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