Equities Analysts Offer Predictions for WSP Global Inc.'s Q1 2024 Earnings (TSE:WSP)

WSP Global Inc. (TSE:WSP - Free Report) - Stock analysts at Desjardins increased their Q1 2024 earnings estimates for WSP Global in a research note issued to investors on Tuesday, April 23rd. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $1.46 per share for the quarter, up from their prior forecast of $1.36. Desjardins currently has a "Buy" rating and a $243.00 target price on the stock. The consensus estimate for WSP Global's current full-year earnings is $7.95 per share. Desjardins also issued estimates for WSP Global's FY2024 earnings at $7.90 EPS and FY2025 earnings at $9.05 EPS.

WSP Global (TSE:WSP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$1.99 earnings per share for the quarter, beating the consensus estimate of C$1.91 by C$0.08. WSP Global had a return on equity of 8.96% and a net margin of 3.81%. The company had revenue of C$3.72 billion during the quarter, compared to analysts' expectations of C$2.81 billion.

Several other research firms have also recently weighed in on WSP. Canaccord Genuity Group raised their target price on shares of WSP Global from C$225.00 to C$235.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. BMO Capital Markets boosted their price objective on shares of WSP Global from C$244.00 to C$246.00 and gave the stock an "outperform" rating in a research note on Wednesday. Raymond James upgraded shares of WSP Global from an "outperform" rating to a "strong-buy" rating and raised their target price for the company from C$215.00 to C$245.00 in a research note on Friday, January 26th. CIBC boosted their price target on WSP Global from C$234.00 to C$239.00 and gave the stock an "outperform" rating in a research report on Friday, March 1st. Finally, Royal Bank of Canada raised their price objective on WSP Global from C$212.00 to C$237.00 and gave the company an "outperform" rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, WSP Global has a consensus rating of "Buy" and an average price target of C$236.92.

WSP Global Stock Up 0.2 %

WSP stock traded up C$0.53 during mid-day trading on Wednesday, reaching C$214.23. The company had a trading volume of 138,718 shares, compared to its average volume of 162,072. WSP Global has a 52 week low of C$166.75 and a 52 week high of C$230.98. The company has a market capitalization of C$26.71 billion, a price-to-earnings ratio of 49.00, a PEG ratio of 1.09 and a beta of 0.80. The company has a debt-to-equity ratio of 67.33, a current ratio of 1.15 and a quick ratio of 1.04. The stock has a 50 day simple moving average of C$217.13 and a two-hundred day simple moving average of C$198.92.

WSP Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Wednesday, March 27th. WSP Global's dividend payout ratio is currently 34.17%.

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.