Q1 2024 EPS Estimates for WSP Global Inc. Raised by Atb Cap Markets (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Atb Cap Markets upped their Q1 2024 earnings estimates for WSP Global in a report released on Wednesday, May 1st. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $1.49 for the quarter, up from their prior estimate of $1.42. The consensus estimate for WSP Global’s current full-year earnings is $7.81 per share.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, February 28th. The company reported C$1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.91 by C$0.08. WSP Global had a return on equity of 8.96% and a net margin of 3.81%. The firm had revenue of C$3.72 billion for the quarter, compared to the consensus estimate of C$2.81 billion.

Other equities research analysts have also issued research reports about the company. Veritas Investment Research reiterated a “buy” rating on shares of WSP Global in a research report on Friday, March 1st. National Bankshares lifted their price objective on shares of WSP Global from C$212.00 to C$234.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. CIBC increased their price objective on shares of WSP Global from C$234.00 to C$239.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Canaccord Genuity Group boosted their target price on shares of WSP Global from C$225.00 to C$235.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Finally, Scotiabank upped their price target on shares of WSP Global from C$233.00 to C$239.00 and gave the company an “outperform” rating in a report on Friday, March 1st. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, WSP Global currently has an average rating of “Buy” and an average target price of C$236.92.

WSP Global Stock Up 0.1 %

Shares of WSP stock opened at C$214.27 on Monday. WSP Global has a fifty-two week low of C$166.75 and a fifty-two week high of C$230.98. The firm has a market capitalization of C$26.72 billion, a PE ratio of 48.59, a P/E/G ratio of 1.09 and a beta of 0.81. The company has a debt-to-equity ratio of 67.33, a quick ratio of 1.04 and a current ratio of 1.15. The stock’s 50-day simple moving average is C$217.87 and its 200-day simple moving average is C$200.02.

WSP Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Wednesday, March 27th. WSP Global’s payout ratio is currently 34.01%.

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.