Research Analysts Offer Predictions for WSP Global Inc.’s Q3 2024 Earnings (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Analysts at Raymond James increased their Q3 2024 earnings per share estimates for shares of WSP Global in a report released on Wednesday, July 31st. Raymond James analyst F. Bastien now anticipates that the company will earn $2.34 per share for the quarter, up from their previous estimate of $2.32. Raymond James currently has a “Strong-Buy” rating and a $255.00 price target on the stock. The consensus estimate for WSP Global’s current full-year earnings is $8.10 per share. Raymond James also issued estimates for WSP Global’s Q4 2024 earnings at $2.38 EPS, Q3 2025 earnings at $2.79 EPS and FY2025 earnings at $9.60 EPS.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$1.55 EPS for the quarter, topping analysts’ consensus estimates of C$1.48 by C$0.07. The firm had revenue of C$2.79 billion during the quarter, compared to the consensus estimate of C$2.76 billion. WSP Global had a return on equity of 9.05% and a net margin of 3.88%.

Several other research analysts have also recently issued reports on the company. Scotiabank increased their price target on WSP Global from C$239.00 to C$241.00 in a research note on Friday, May 10th. Desjardins upped their price objective on WSP Global from C$246.00 to C$249.00 and gave the company a “buy” rating in a report on Thursday. ATB Capital upped their price objective on WSP Global from C$225.00 to C$235.00 and gave the company a “sector perform” rating in a report on Thursday. TD Securities upped their price objective on WSP Global from C$265.00 to C$273.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada upped their price objective on WSP Global from C$245.00 to C$252.00 and gave the company an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$246.92.

WSP Global Price Performance

Shares of WSP opened at C$219.62 on Friday. WSP Global has a 12 month low of C$174.39 and a 12 month high of C$230.98. The company has a market cap of C$27.38 billion, a P/E ratio of 48.70, a PEG ratio of 1.09 and a beta of 0.82. The stock has a fifty day moving average price of C$214.25 and a 200 day moving average price of C$212.54. The company has a debt-to-equity ratio of 70.90, a current ratio of 1.20 and a quick ratio of 1.04.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, September 27th. WSP Global’s dividend payout ratio is 33.26%.

Insider Activity at WSP Global

In related news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total value of C$595,099,169.00. 0.07% of the stock is owned by insiders.

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.