Desjardins Weighs in on WSP Global Inc.’s Q2 2021 Earnings (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Equities researchers at Desjardins raised their Q2 2021 earnings per share estimates for WSP Global in a report issued on Thursday, May 13th. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $1.26 per share for the quarter, up from their prior estimate of $1.19. Desjardins also issued estimates for WSP Global’s Q3 2021 earnings at $1.29 EPS, FY2021 earnings at $4.58 EPS and FY2023 earnings at $5.20 EPS.

WSP Global (TSE:WSP) last posted its earnings results on Wednesday, February 24th. The company reported C$0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.15). The firm had revenue of C$1.69 billion during the quarter, compared to analyst estimates of C$1.72 billion.

A number of other brokerages also recently commented on WSP. Atb Cap Markets downgraded WSP Global from an “outperform” rating to a “sector perform” rating in a report on Monday, February 1st. TD Securities increased their price target on WSP Global from C$150.00 to C$155.00 and gave the company a “buy” rating in a report on Friday. Laurentian downgraded WSP Global from a “buy” rating to a “hold” rating and increased their price target for the company from C$126.00 to C$153.00 in a report on Friday. CIBC increased their price target on WSP Global from C$145.00 to C$150.00 in a report on Friday. Finally, Royal Bank of Canada increased their price target on WSP Global from C$139.00 to C$148.00 and gave the company an “outperform” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. WSP Global currently has a consensus rating of “Buy” and a consensus price target of C$142.91.

Shares of WSP opened at C$135.11 on Monday. The company has a market capitalization of C$15.37 billion and a P/E ratio of 43.36. WSP Global has a one year low of C$80.73 and a one year high of C$141.02. The company has a debt-to-equity ratio of 38.44, a quick ratio of 0.91 and a current ratio of 1.04. The stock has a 50-day moving average price of C$126.66 and a 200 day moving average price of C$116.20.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, 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 1.11%. The ex-dividend date of this dividend was Tuesday, March 30th. WSP Global’s dividend payout ratio is presently 48.14%.

WSP Global Company Profile

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Europe, the Middle East, India, Africa, Australia, Asia, New Zealand, and internationally. The company 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.

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Earnings History and Estimates for WSP Global (TSE:WSP)

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