WSP Global FY2024 EPS Forecast Decreased by Raymond James

WSP Global Inc. (TSE:WSP - Free Report) - Research analysts at Raymond James lowered their FY2024 earnings estimates for shares of WSP Global in a research report issued to clients and investors on Thursday, November 7th. Raymond James analyst F. Bastien now expects that the company will earn $8.00 per share for the year, down from their previous forecast 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.

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

Several other brokerages have also recently weighed in on WSP. National Bankshares set a C$255.00 price objective on shares of WSP Global and gave the stock an "outperform" rating in a research note on Monday, August 19th. Stifel Nicolaus boosted their target price on shares of WSP Global from C$260.00 to C$285.00 in a research note on Friday, October 4th. Royal Bank of Canada increased their price objective on WSP Global from C$261.00 to C$279.00 in a research report on Friday. Desjardins boosted their price target on shares of WSP Global from C$249.00 to C$257.00 and gave the stock a "buy" rating in a research note on Tuesday, August 20th. Finally, TD Securities upped their target price on shares of WSP Global from C$273.00 to C$279.00 and gave the company a "buy" rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$261.67.

WSP Global Price Performance

Shares of WSP traded down C$10.96 during mid-day trading on Friday, reaching C$241.29. The company had a trading volume of 237,202 shares, compared to its average volume of 180,957. The company's 50-day moving average is C$240.10 and its 200-day moving average is C$223.73. WSP Global has a twelve month low of C$180.73 and a twelve month high of C$259.17. The company has a market capitalization of C$30.09 billion, a P/E ratio of 50.87, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.62%. WSP Global's 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.