FY2024 EPS Estimates for WSP Global Inc. Lowered by Analyst (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Analysts at National Bank Financial dropped their FY2024 EPS estimates for shares of WSP Global in a research report issued on Thursday, November 9th. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $7.51 per share for the year, down from their prior estimate of $7.64. The consensus estimate for WSP Global’s current full-year earnings is $7.93 per share. National Bank Financial also issued estimates for WSP Global’s FY2025 earnings at $8.04 EPS.

A number of other brokerages have also recently issued reports on WSP. BMO Capital Markets upped their price objective on shares of WSP Global from C$205.00 to C$210.00 in a research note on Thursday, October 12th. Royal Bank of Canada upped their price objective on shares of WSP Global from C$210.00 to C$212.00 and gave the company an “outperform” rating in a research note on Friday. ATB Capital increased their price target on shares of WSP Global from C$200.00 to C$210.00 and gave the company a “sector perform” rating in a research report on Friday. Scotiabank increased their price target on shares of WSP Global from C$216.00 to C$217.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Desjardins increased their price target on shares of WSP Global from C$208.00 to C$210.00 and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, WSP Global presently has an average rating of “Moderate Buy” and an average price target of C$205.50.

WSP Global Price Performance

Shares of TSE:WSP opened at C$188.90 on Monday. The company’s fifty day moving average price is C$188.92 and its 200-day moving average price is C$181.55. The firm has a market capitalization of C$23.54 billion, a price-to-earnings ratio of 43.63, a PEG ratio of 1.09 and a beta of 0.90. WSP Global has a one year low of C$152.92 and a one year high of C$196.90. The company has a debt-to-equity ratio of 77.28, a current ratio of 1.10 and a quick ratio of 1.04.

WSP Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.79%. The ex-dividend date is Thursday, December 28th. WSP Global’s dividend payout ratio is currently 34.64%.

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.