WSP Global (WSP) to Release Quarterly Earnings on Wednesday

WSP Global (TSE:WSP) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$1.48 per share for the quarter.

WSP Global (TSE:WSP) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$1.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$3.72 billion for the quarter, compared to analyst estimates of C$2.81 billion.

WSP Global Price Performance

Shares of WSP stock opened at C$208.89 on Wednesday. WSP Global has a fifty-two week low of C$166.75 and a fifty-two week high of C$230.98. The firm has a market capitalization of C$26.05 billion, a price-to-earnings ratio of 47.37, a PEG ratio of 1.09 and a beta of 0.81. The company has a debt-to-equity ratio of 67.33, a quick ratio of 1.04 and a current ratio of 1.15. The stock’s 50-day simple moving average is C$217.72 and its 200-day simple moving average is C$199.58.

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a dividend of $0.375 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.72%. WSP Global’s payout ratio is 34.01%.

Wall Street Analysts Forecast Growth

WSP has been the topic of a number of recent research reports. CIBC upped their target price on WSP Global from C$234.00 to C$239.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. ATB Capital upped their target price on WSP Global from C$210.00 to C$220.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st. BMO Capital Markets upped their target price on WSP Global from C$244.00 to C$246.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Royal Bank of Canada upped their target price 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. Finally, Stifel Nicolaus upped their target price on WSP Global from C$210.00 to C$245.00 and gave the company a “buy” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$236.92.

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.