WSP Global (TSE:WSP) Releases Earnings Results

WSP Global (TSE:WSP) issued its quarterly earnings results on Wednesday. The company reported C$2.21 EPS for the quarter, FiscalAI reports. WSP Global had a return on equity of 10.86% and a net margin of 5.27%.The company had revenue of C$4.55 billion during the quarter.

WSP Global Stock Performance

Shares of TSE WSP traded down C$3.87 during trading hours on Wednesday, reaching C$225.72. The stock had a trading volume of 585,526 shares, compared to its average volume of 482,129. The business’s fifty day moving average is C$223.98 and its two-hundred day moving average is C$243.89. The company has a debt-to-equity ratio of 59.38, a current ratio of 1.27 and a quick ratio of 1.04. The company has a market cap of C$30.43 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.09 and a beta of 0.28. WSP Global has a twelve month low of C$210.86 and a twelve month high of C$291.46.

WSP Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, March 31st. WSP Global’s dividend payout ratio is presently 20.38%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WSP. Canadian Imperial Bank of Commerce cut their price target on WSP Global from C$343.00 to C$328.00 in a report on Thursday, April 9th. Stifel Nicolaus cut their price target on WSP Global from C$320.00 to C$280.00 and set a “buy” rating for the company in a report on Thursday, April 30th. TD Securities cut their price target on WSP Global from C$335.00 to C$311.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. National Bank Financial cut their price target on WSP Global from C$309.00 to C$268.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Finally, ATB Cormark Capital Markets lowered WSP Global from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$318.58.

WSP Global Company Profile

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).