Research Analysts Offer Predictions for WSP Global Inc.’s Q1 2024 Earnings (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Stock analysts at Atb Cap Markets increased their Q1 2024 earnings per share (EPS) estimates for shares of WSP Global in a research report issued to clients and investors on Wednesday, May 1st. Atb Cap Markets analyst C. Murray now forecasts that the company will earn $1.49 per share for the quarter, up from their previous forecast of $1.42. The consensus estimate for WSP Global’s current full-year earnings is $7.81 per share.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$1.99 earnings per share for the quarter, beating the consensus estimate of C$1.91 by C$0.08. WSP Global had a return on equity of 8.96% and a net margin of 3.81%. The firm had revenue of C$3.72 billion during the quarter, compared to the consensus estimate of C$2.81 billion.

A number of other research firms have also recently issued reports on WSP. Veritas Investment Research restated a “buy” rating on shares of WSP Global in a research report on Friday, March 1st. TD Securities raised their target price on WSP Global from C$220.00 to C$255.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Scotiabank upped their price target on WSP Global from C$233.00 to C$239.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. BMO Capital Markets lifted their price objective on WSP Global from C$244.00 to C$246.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, National Bankshares upped their target price on WSP Global from C$212.00 to C$234.00 and gave the company an “outperform” rating in a report on Friday, March 1st. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$236.92.

WSP Global Trading Up 2.2 %

TSE:WSP opened at C$218.88 on Monday. The firm has a market capitalization of C$27.29 billion, a P/E ratio of 49.63, a P/E/G ratio of 1.09 and a beta of 0.81. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 67.33. The company has a fifty day moving average of C$218.01 and a 200 day moving average of C$200.25. WSP Global has a 52 week low of C$166.75 and a 52 week high of C$230.98.

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.69%. WSP Global’s dividend payout ratio is currently 34.01%.

About WSP Global

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.