WSP Global (TSE:WSP) Posts Earnings Results

WSP Global (TSE:WSP) released its quarterly earnings results on Wednesday. The company reported C$3.20 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$5.29 billion during the quarter. WSP Global had a return on equity of 9.52% and a net margin of 4.81%.

WSP Global Price Performance

TSE WSP opened at C$189.48 on Friday. The stock has a market capitalization of C$25.55 billion, a PE ratio of 27.03, a P/E/G ratio of 1.09 and a beta of 0.37. The stock has a 50-day simple moving average of C$178.99 and a 200 day simple moving average of C$201.18. The company has a debt-to-equity ratio of 84.47, a quick ratio of 1.04 and a current ratio of 1.20. WSP Global has a twelve month low of C$156.64 and a twelve month high of C$275.24.

Analysts Set New Price Targets

WSP has been the subject of several analyst reports. Desjardins reduced their target price on WSP Global from C$372.00 to C$369.00 and set a “buy” rating for the company in a report on Friday, August 7th. Scotia lowered their price target on WSP Global from C$281.00 to C$279.00 and set a “sector outperform” rating on the stock in a report on Monday, August 10th. Royal Bank Of Canada lowered their price target on WSP Global from C$304.00 to C$303.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. ATB Cormark Capital Markets dropped their price target on shares of WSP Global from C$330.00 to C$325.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Finally, National Bank Financial reduced their price objective on shares of WSP Global from C$219.00 to C$216.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$289.62.

About WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).