WSP Global FY2024 EPS Forecast Decreased by Raymond James

WSP Global Inc. (TSE:WSP) – Equities research analysts at Raymond James reduced their FY2024 earnings per share estimates for shares of WSP Global in a research report issued on Thursday, November 7th. Raymond James analyst F. Bastien now anticipates that the company will earn $8.00 per share for the year, down from their previous estimate of $8.15. Raymond James currently has a “Strong-Buy” rating and a $270.00 target price on the stock. The consensus estimate for WSP Global’s current full-year earnings is $9.57 per share. Raymond James also issued estimates for WSP Global’s Q4 2024 earnings at $2.35 EPS, Q3 2025 earnings at $3.01 EPS and Q4 2025 earnings at $2.76 EPS.

Several other equities analysts have also issued reports on the company. Desjardins raised their price objective on WSP Global from C$249.00 to C$257.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Royal Bank of Canada lifted their price target on WSP Global from C$261.00 to C$279.00 in a research report on Friday. CIBC boosted their price objective on WSP Global from C$245.00 to C$264.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Scotiabank upgraded shares of WSP Global to a “strong-buy” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets upped their price target on shares of WSP Global from C$257.00 to C$280.00 in a research report on Friday. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, WSP Global presently has an average rating of “Buy” and an average price target of C$261.67.

WSP Global Trading Down 4.4 %

Shares of WSP Global stock opened at C$241.25 on Friday. The company has a fifty day simple moving average of C$240.46 and a 200-day simple moving average of C$223.95. WSP Global has a 12-month low of C$180.73 and a 12-month high of C$259.17. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81. The stock has a market cap of C$30.08 billion, a price-to-earnings ratio of 50.47, a PEG ratio of 1.09 and a beta of 0.82.

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

WSP Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.375 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.50 annualized dividend and a yield of 0.62%. WSP Global’s dividend payout ratio 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.