WSP Global Inc. Forecasted to Earn Q1 2024 Earnings of $1.49 Per Share (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Atb Cap Markets increased their Q1 2024 earnings per share (EPS) estimates for WSP Global in a research report issued on Wednesday, May 1st. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $1.49 per share for the quarter, up from their previous forecast of $1.42. The consensus estimate for WSP Global’s current full-year earnings is $7.81 per share.

Other equities research analysts have also recently issued reports about the company. Desjardins increased their target price on WSP Global from C$210.00 to C$243.00 and gave the company a “buy” rating in a report on Friday, March 1st. TD Securities raised their target price on shares of WSP Global from C$220.00 to C$255.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Stifel Nicolaus upped their price target on shares of WSP Global from C$210.00 to C$245.00 and gave the company a “buy” rating in a report on Friday, March 1st. Raymond James raised shares of WSP Global from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from C$215.00 to C$245.00 in a report on Friday, January 26th. Finally, Canaccord Genuity Group increased their target price on shares of WSP Global from C$225.00 to C$235.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, WSP Global currently has an average rating of “Buy” and an average price target of C$236.92.

WSP Global Stock Performance

WSP Global stock opened at C$214.50 on Monday. The firm has a fifty day simple moving average of C$218.05 and a two-hundred day simple moving average of C$200.45. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 67.33. WSP Global has a twelve month low of C$166.75 and a twelve month high of C$230.98. The company has a market capitalization of C$26.75 billion, a PE ratio of 48.64, a P/E/G ratio of 1.09 and a beta of 0.81.

WSP Global (TSE:WSP) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$1.99 EPS for the quarter, beating analysts’ consensus estimates of C$1.91 by C$0.08. WSP Global had a net margin of 3.81% and a return on equity of 8.96%. The business had revenue of C$3.72 billion for the quarter, compared to analysts’ expectations of C$2.81 billion.

WSP Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.70%. WSP Global’s dividend payout ratio is currently 34.01%.

WSP Global Company Profile

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