WSP Global (WSP) to Release Earnings on Wednesday

WSP Global (TSE:WSP) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect WSP Global to post earnings of C$1.48 per share for the quarter.

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

WSP Global Stock Performance

Shares of WSP stock opened at C$214.27 on Monday. The stock has a market capitalization of C$26.72 billion, a price-to-earnings ratio of 48.59, a PEG ratio of 1.09 and a beta of 0.81. WSP Global has a one year low of C$166.75 and a one year high of C$230.98. The company’s 50-day simple moving average is C$217.87 and its 200-day simple moving average is C$200.02. The company has a debt-to-equity ratio of 67.33, a quick ratio of 1.04 and a current ratio of 1.15.

WSP Global Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group upped their price target on 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. Veritas Investment Research reaffirmed a “buy” rating on shares of WSP Global in a report on Friday, March 1st. Raymond James raised shares of WSP Global from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from C$215.00 to C$245.00 in a research report on Friday, January 26th. TD Securities raised their target price on shares of WSP Global from C$220.00 to C$255.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Stifel Nicolaus lifted their target price on WSP Global from C$210.00 to C$245.00 and gave the company a “buy” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, WSP Global has a consensus rating of “Buy” and an average target price of C$236.92.

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.