FY2024 EPS Estimates for WSP Global Cut by Stifel Canada

WSP Global Inc. (TSE:WSP - Free Report) - Stifel Canada lowered their FY2024 earnings per share estimates for WSP Global in a research report issued on Thursday, November 7th. Stifel Canada analyst I. Gillies now expects that the company will post earnings per share of $7.86 for the year, down from their prior estimate of $7.96. The consensus estimate for WSP Global's current full-year earnings is $9.57 per share. Stifel Canada also issued estimates for WSP Global's Q4 2024 earnings at $2.19 EPS, Q2 2025 earnings at $2.41 EPS, Q4 2025 earnings at $2.44 EPS, Q2 2026 earnings at $2.77 EPS, Q3 2026 earnings at $3.11 EPS and FY2026 earnings at $10.67 EPS.

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

Several other brokerages have also recently commented on WSP. Canaccord Genuity Group boosted their price target on shares of WSP Global from C$260.00 to C$275.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. CIBC lifted their price target on WSP Global from C$245.00 to C$264.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 20th. Desjardins lifted their price target on 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. ATB Capital lifted their price target 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. Finally, Raymond James lifted their price target on WSP Global from C$255.00 to C$270.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, August 20th. One equities research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$266.82.

WSP Global Price Performance

WSP Global stock traded up C$2.45 during midday trading on Monday, hitting C$243.70. The company's stock had a trading volume of 277,510 shares, compared to its average volume of 181,674. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81. The stock's 50-day moving average price is C$240.46 and its 200-day moving average price is C$224.05. 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 capitalization of C$30.39 billion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82.

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.375 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.62%. WSP Global's dividend payout ratio (DPR) is presently 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.