Desjardins Has Optimistic Outlook of WSP Global Q4 Earnings

WSP Global Inc. (TSE:WSP) – Research analysts at Desjardins upped their Q4 2024 earnings per share estimates for WSP Global in a note issued to investors on Friday, November 8th. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $2.35 per share for the quarter, up from their previous estimate of $2.30. Desjardins currently has a “Buy” rating and a $257.00 target price on the stock. The consensus estimate for WSP Global’s current full-year earnings is $9.57 per share. Desjardins also issued estimates for WSP Global’s FY2025 earnings at $9.51 EPS and FY2026 earnings at $10.90 EPS.

A number of other brokerages also recently issued reports on WSP. CIBC boosted their price target on WSP Global from C$245.00 to C$264.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Raymond James boosted their price target on WSP Global from C$255.00 to C$270.00 and gave the company a “strong-buy” rating in a report on Tuesday, August 20th. Royal Bank of Canada upped their target price on WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. National Bankshares set a C$255.00 target price on WSP Global and gave the stock an “outperform” rating in a report on Monday, August 19th. Finally, ATB Capital upped their target price on WSP Global from C$235.00 to C$250.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$266.82.

WSP Global Trading Down 1.1 %

TSE WSP opened at C$240.94 on Monday. WSP Global has a 1-year low of C$180.73 and a 1-year high of C$259.17. The firm has a market cap of C$30.04 billion, a PE ratio of 50.41, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81. The stock has a 50-day moving average of C$240.84 and a 200-day moving average of C$224.18.

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

WSP Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st 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 Tuesday, December 31st. WSP Global’s dividend payout ratio (DPR) is presently 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.