FY2024 EPS Estimates for WSP Global Reduced by Stifel Canada

WSP Global Inc. (TSE:WSP) – Investment analysts at Stifel Canada lowered their FY2024 EPS estimates for shares of WSP Global in a research note issued on Thursday, November 7th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings per share of $7.86 for the year, down from their previous forecast of $7.96. The consensus estimate for WSP Global’s current full-year earnings is $9.57 per share. Stifel Canada also issued estimates for WSP Global’s Q4 2024 earnings at $2.19 EPS, Q2 2025 earnings at $2.41 EPS, Q4 2025 earnings at $2.44 EPS, Q2 2026 earnings at $2.77 EPS, Q3 2026 earnings at $3.11 EPS and FY2026 earnings at $10.67 EPS.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, hitting the consensus estimate of C$2.24. The company had revenue of C$3 billion during the quarter, compared to analyst estimates of C$3 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%.

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of WSP Global from C$261.00 to C$279.00 in a research report on Friday. TD Securities lifted their price objective on shares of WSP Global from C$273.00 to C$279.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. CIBC lifted their price objective on shares of WSP Global from C$245.00 to C$264.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Desjardins lifted their price objective on shares of WSP Global from C$249.00 to C$257.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, National Bankshares set a C$255.00 price objective on shares of WSP Global and gave the company an “outperform” rating in a research report on Monday, August 19th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$266.82.

WSP Global Trading Up 1.0 %

WSP Global stock opened at C$243.70 on Monday. The firm’s 50-day moving average is C$240.46 and its 200-day moving average is C$224.05. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. WSP Global has a 1 year low of C$180.73 and a 1 year high of C$259.17. The company has a market cap of C$30.39 billion, a P/E ratio of 50.89, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Tuesday, December 31st. WSP Global’s dividend payout ratio (DPR) is currently 31.38%.

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.