WSP Global Inc. (TSE:WSP) to Post FY2024 Earnings of $7.97 Per Share, Stifel Canada Forecasts

WSP Global Inc. (TSE:WSP) – Equities research analysts at Stifel Canada lowered their FY2024 earnings estimates for shares of WSP Global in a report issued on Wednesday, July 31st. Stifel Canada analyst I. Gillies now anticipates that the company will earn $7.97 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 $8.10 per share. Stifel Canada also issued estimates for WSP Global’s Q1 2025 earnings at $1.76 EPS.

Several other equities analysts also recently commented on the stock. CIBC upped their price target on shares of WSP Global from C$239.00 to C$245.00 and gave the company an “outperform” rating in a report on Thursday. Scotiabank raised their price target on WSP Global from C$239.00 to C$241.00 in a research note on Friday, May 10th. Stifel Nicolaus upped their price objective on WSP Global from C$235.00 to C$250.00 and gave the company a “buy” rating in a research report on Thursday. Desjardins lifted their target price on WSP Global from C$246.00 to C$249.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, TD Securities upped their price target on shares of WSP Global from C$265.00 to C$273.00 and gave the stock a “buy” rating in a report on Thursday. One 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 company. According to data from MarketBeat.com, WSP Global currently has a consensus rating of “Buy” and a consensus price target of C$246.92.

WSP Global Stock Down 2.1 %

Shares of TSE WSP opened at C$219.62 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 70.90. WSP Global has a 12-month low of C$174.39 and a 12-month high of C$230.98. The firm’s 50-day moving average price is C$214.25 and its 200-day moving average price is C$212.54. The stock has a market capitalization of C$27.38 billion, a price-to-earnings ratio of 48.70, a P/E/G ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP) last posted its earnings results 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 company had revenue of C$2.79 billion for 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%.

WSP Global Announces Dividend

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

Insider Transactions at WSP Global

In other WSP Global news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$206.30, for a total value of C$595,099,169.00. Corporate insiders own 0.07% of the company’s stock.

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.