FY2024 EPS Estimates for WSP Global Inc. Reduced by Stifel Canada (TSE:WSP)

WSP Global Inc. (TSE:WSP - Free Report) - Equities researchers at Stifel Canada decreased their FY2024 earnings per share estimates for shares of WSP Global in a research note issued to investors on Thursday, October 3rd. Stifel Canada analyst I. Gillies now expects that the company will post earnings of $7.96 per share for the year, down from their previous estimate of $7.98. The consensus estimate for WSP Global's current full-year earnings is $9.44 per share. Stifel Canada also issued estimates for WSP Global's FY2026 earnings at $10.32 EPS.

WSP Global (TSE:WSP - Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported C$1.89 EPS for the quarter, missing analysts' consensus estimates of C$1.90 by C($0.01). The firm had revenue of C$2.99 billion during the quarter, compared to analysts' expectations of C$2.93 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%.

Several other research firms also recently commented on WSP. ATB Capital boosted their target price on WSP Global from C$235.00 to C$250.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. Stifel Nicolaus increased their price target on shares of WSP Global from C$260.00 to C$285.00 in a report on Friday. Desjardins boosted their price objective on shares of WSP Global from C$249.00 to C$257.00 and gave the stock a "buy" rating in a report on Tuesday, August 20th. National Bankshares set a C$255.00 target price on WSP Global and gave the company an "outperform" rating in a research note on Monday, August 19th. Finally, Raymond James lifted their target price on WSP Global from C$255.00 to C$270.00 and gave the stock a "strong-buy" rating in a report on Tuesday, August 20th. One equities research 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 data from MarketBeat.com, WSP Global presently has an average rating of "Buy" and a consensus target price of C$256.58.

WSP Global Stock Up 0.5 %

WSP traded up C$1.12 during midday trading on Monday, reaching C$240.75. The company's stock had a trading volume of 129,719 shares, compared to its average volume of 178,037. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81. The firm has a market capitalization of C$30.02 billion, a price-to-earnings ratio of 50.37, a PEG ratio of 1.09 and a beta of 0.81. The stock's 50-day moving average is C$227.67 and its 200-day moving average is C$218.99. WSP Global has a 1 year low of C$174.39 and a 1 year high of C$241.35.

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, September 27th. WSP Global's payout ratio is currently 31.38%.

About WSP Global

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.