WSP Global (TSE:WSP) Hits New 52-Week High After Dividend Announcement

WSP Global Inc. (TSE:WSP - Get Free Report) hit a new 52-week high during mid-day trading on Monday after the company announced a dividend. The stock traded as high as C$238.80 and last traded at C$238.22, with a volume of 29779 shares trading hands. The stock had previously closed at C$237.67.

The newly announced dividend which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.375 per share. The ex-dividend date is Friday, September 27th. This represents a $1.50 annualized dividend and a dividend yield of 0.62%. WSP Global's dividend payout ratio (DPR) is presently 31.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WSP. TD Securities raised 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 note on Tuesday, August 20th. Stifel Nicolaus upped their price target on shares of WSP Global from C$250.00 to C$260.00 in a research note on Tuesday, August 20th. Canaccord Genuity Group raised their price objective on shares of WSP Global from C$235.00 to C$255.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. CIBC lifted their target price on shares of WSP Global from C$245.00 to C$264.00 and gave the stock an "outperform" rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets increased their price target on shares of WSP Global from C$252.00 to C$257.00 and gave the company an "outperform" rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$254.50.

WSP Global Trading Up 1.1 %

The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04. The stock has a 50-day moving average price of C$225.88 and a two-hundred day moving average price of C$218.33. The stock has a market cap of C$29.96 billion, a PE ratio of 49.91, a price-to-earnings-growth ratio of 1.09 and a beta of 0.81.

WSP Global (TSE:WSP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$1.89 EPS for the quarter, missing the consensus estimate of C$1.90 by C($0.01). WSP Global had a return on equity of 9.40% and a net margin of 4.03%. The firm had revenue of C$2.99 billion for the quarter, compared to analysts' expectations of C$2.93 billion. Sell-side analysts forecast that WSP Global Inc. will post 9.4350933 earnings per share for the current fiscal year.

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.