WSP Global (TSE:WSP) Issues Earnings Results

WSP Global (TSE:WSP) released its earnings results on Wednesday. The company reported C$3.20 EPS for the quarter, FiscalAI reports. The business had revenue of C$5.29 billion for the quarter. WSP Global had a return on equity of 9.52% and a net margin of 4.81%.

WSP Global Price Performance

WSP Global stock traded up C$1.39 during midday trading on Wednesday, reaching C$199.12. 718,908 shares of the stock traded hands, compared to its average volume of 544,715. The stock’s fifty day moving average is C$178.82 and its 200-day moving average is C$201.94. WSP Global has a 12 month low of C$156.64 and a 12 month high of C$275.24. The stock has a market cap of C$26.84 billion, a P/E ratio of 28.41, a PEG ratio of 1.09 and a beta of 0.40. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 84.47.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BMO Capital Markets lowered their price target on WSP Global from C$280.00 to C$275.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. ATB Cormark Capital Markets reduced their price objective on WSP Global from C$330.00 to C$325.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Desjardins lowered their target price on WSP Global from C$372.00 to C$369.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Scotia lowered their target price on WSP Global from C$281.00 to C$279.00 and set a “sector outperform” rating on the stock in a report on Monday, August 10th. Finally, Stifel Nicolaus dropped their target price on WSP Global from C$280.00 to C$230.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$289.62.

About WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).