Research Analysts Set Expectations for WSP Global Inc.’s Q1 2024 Earnings (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Analysts at Atb Cap Markets upped their Q1 2024 earnings estimates for shares of WSP Global in a report issued on Wednesday, May 1st. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $1.49 for the quarter, up from their previous forecast of $1.42. The consensus estimate for WSP Global’s current full-year earnings is $7.81 per share.

Several other research firms have also weighed in on WSP. Scotiabank raised their price objective on shares of WSP Global from C$233.00 to C$239.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Raymond James raised WSP Global from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from C$215.00 to C$245.00 in a report on Friday, January 26th. Desjardins raised their price target on WSP Global from C$210.00 to C$243.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. BMO Capital Markets lifted 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, April 24th. Finally, CIBC boosted their target price on WSP Global from C$234.00 to C$239.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$236.92.

WSP Global Stock Performance

WSP Global stock opened at C$218.88 on Monday. The firm has a market capitalization of C$27.29 billion, a P/E ratio of 49.63, a P/E/G ratio of 1.09 and a beta of 0.81. 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 fifty day moving average price of C$218.01 and a two-hundred day moving average price of C$200.25. WSP Global has a 52-week low of C$166.75 and a 52-week high of C$230.98.

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

WSP Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were paid a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. WSP Global’s dividend payout ratio (DPR) is currently 34.01%.

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.