Stifel Canada Analysts Cut Earnings Estimates for WSP Global Inc. (TSE:WSP)

WSP Global Inc. (TSE:WSPFree Report) – Stifel Canada cut their FY2024 earnings estimates for WSP Global in a research report issued on Thursday, October 3rd. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of $7.96 per share for the year, down from their prior forecast 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:WSPGet Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.90 by C($0.01). The business had revenue of C$2.99 billion during the quarter, compared to analyst estimates of C$2.93 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%.

A number of other research analysts also recently weighed in on the company. Royal Bank of Canada raised their price objective on WSP Global from C$252.00 to C$261.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. National Bankshares set a C$255.00 price target on WSP Global and gave the company an “outperform” rating in a report on Monday, August 19th. Stifel Nicolaus boosted their price objective on shares of WSP Global from C$260.00 to C$285.00 in a research note on Friday, October 4th. BMO Capital Markets raised their target price on shares of WSP Global from C$252.00 to C$257.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Finally, 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. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$256.58.

Get Our Latest Analysis on WSP

WSP Global Price Performance

Shares of TSE:WSP opened at C$242.01 on Monday. The stock has a market capitalization of C$30.18 billion, a P/E ratio of 50.63, a P/E/G ratio of 1.09 and a beta of 0.81. The business has a 50-day moving average of C$227.98 and a two-hundred day moving average of C$219.08. WSP Global has a fifty-two week low of C$174.39 and a fifty-two week high of C$242.24. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04.

WSP Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, September 27th. WSP Global’s dividend payout ratio (DPR) is presently 31.38%.

WSP Global Company Profile

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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.

See Also

Earnings History and Estimates for WSP Global (TSE:WSP)

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