WSP Global FY2024 EPS Estimate Decreased by Stifel Canada

WSP Global Inc. (TSE:WSP) – Stock analysts at Stifel Canada reduced their FY2024 earnings per share estimates for shares of WSP Global in a report issued on Thursday, November 7th. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings of $7.86 per share for the year, down from their previous estimate of $7.96. The consensus estimate for WSP Global’s current full-year earnings is $9.57 per share. Stifel Canada also issued estimates for WSP Global’s Q4 2024 earnings at $2.19 EPS, Q2 2025 earnings at $2.41 EPS, Q4 2025 earnings at $2.44 EPS, Q2 2026 earnings at $2.77 EPS, Q3 2026 earnings at $3.11 EPS and FY2026 earnings at $10.67 EPS.

WSP has been the subject of several other reports. ATB Capital upped their price objective on WSP Global from C$235.00 to C$250.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. TD Securities upped their price target on WSP Global from C$273.00 to C$279.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Scotiabank raised shares of WSP Global to a “strong-buy” rating in a research note on Friday, October 25th. CIBC upped their price objective on shares of WSP Global from C$245.00 to C$264.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Finally, National Bankshares set a C$255.00 target price on shares of WSP Global and gave the company an “outperform” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$266.82.

WSP Global Price Performance

Shares of TSE:WSP opened at C$241.25 on Monday. WSP Global has a one year low of C$180.73 and a one year high of C$259.17. The stock has a market capitalization of C$30.08 billion, a price-to-earnings ratio of 50.47, a PEG ratio of 1.09 and a beta of 0.82. The company has a 50-day simple moving average of C$240.46 and a 200-day simple moving average of C$224.05. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, meeting the consensus estimate of C$2.24. The business had revenue of C$3 billion during the quarter, compared to the consensus estimate of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%.

WSP Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Tuesday, December 31st. WSP Global’s dividend payout ratio is currently 31.38%.

WSP Global Company Profile

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.