WSP Global (OTCMKTS:WSPOF) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS

WSP Global (OTCMKTS:WSPOF) released its earnings results on Wednesday. The company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.09, Zacks reports. WSP Global had a net margin of 5.34% and a return on equity of 12.81%. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $2.97 billion.

WSP Global Stock Down 0.5%

Shares of OTCMKTS:WSPOF traded down $0.70 during mid-day trading on Friday, hitting $136.46. 352 shares of the company traded hands, compared to its average volume of 22,375. The stock has a 50-day moving average price of $126.42 and a two-hundred day moving average price of $152.12. WSP Global has a 12-month low of $111.08 and a 12-month high of $210.29. The stock has a market cap of $18.40 billion and a P/E ratio of 84.76. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.81.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WSPOF. Scotiabank reiterated an “outperform” rating on shares of WSP Global in a research report on Monday, April 13th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of WSP Global in a report on Wednesday, July 8th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of WSP Global in a report on Thursday. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, WSP Global presently has a consensus rating of “Buy”.

About WSP Global

WSP Global Inc is a Canadian professional services firm specializing in engineering, design and environmental consulting. The company provides advisory, planning and project delivery services to public and private sector clients across the built and natural environment. Its expertise spans the full project lifecycle, from feasibility studies and regulatory approvals to design, construction oversight and asset management.

WSP’s service offerings cover a wide range of market sectors including transportation infrastructure, property and buildings, environment and resources, energy and mining, and water management.