Desjardins Has Positive Forecast for WSP Global Q4 Earnings

WSP Global Inc. (TSE:WSP - Free Report) - Equities research analysts at Desjardins boosted their Q4 2024 earnings per share (EPS) estimates for WSP Global in a report issued on Friday, November 8th. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $2.35 per share for the quarter, up from their prior forecast of $2.30. Desjardins currently has a "Buy" rating and a $257.00 target price on the stock. The consensus estimate for WSP Global's current full-year earnings is $9.57 per share. Desjardins also issued estimates for WSP Global's FY2025 earnings at $9.51 EPS and FY2026 earnings at $10.90 EPS.

A number of other equities analysts have also weighed in on the company. National Bankshares set a C$255.00 price objective on WSP Global and gave the stock an "outperform" rating in a research note on Monday, August 19th. ATB Capital boosted their price objective on WSP Global from C$235.00 to C$250.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. Scotiabank raised WSP Global to a "strong-buy" rating in a research note on Friday, October 25th. Royal Bank of Canada upped their price target on WSP Global from C$261.00 to C$279.00 in a research note on Friday. Finally, CIBC upped their price target 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. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$266.82.

WSP Global Price Performance

Shares of WSP traded up C$2.45 during trading hours on Monday, hitting C$243.70. 277,510 shares of the stock were exchanged, compared to its average volume of 181,674. 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 12-month low of C$180.73 and a 12-month high of C$259.17. The company has a market cap of C$30.39 billion, a price-to-earnings ratio of 50.89, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The stock's 50-day moving average price is C$240.46 and its two-hundred day moving average price is C$224.05.

WSP Global (TSE:WSP - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, hitting the consensus estimate of C$2.24. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. The firm had revenue of C$3 billion during the quarter, compared to analysts' expectations of C$3 billion.

WSP Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.62%. 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.