WSP Global Inc. to Post Q1 2024 Earnings of $1.46 Per Share, Desjardins Forecasts (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Stock analysts at Desjardins upped their Q1 2024 earnings estimates for shares of WSP Global in a note issued to investors on Tuesday, April 23rd. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $1.46 per share for the quarter, up from their prior forecast of $1.36. Desjardins currently has a “Buy” rating and a $243.00 price target on the stock. The consensus estimate for WSP Global’s current full-year earnings is $7.95 per share. Desjardins also issued estimates for WSP Global’s FY2024 earnings at $7.90 EPS and FY2025 earnings at $9.05 EPS.

Other research analysts have also issued research reports about the stock. ATB Capital lifted their price target on shares of WSP Global from C$210.00 to C$220.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st. Raymond James upgraded shares of WSP Global from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from C$215.00 to C$245.00 in a report on Friday, January 26th. Stifel Nicolaus boosted their target price on shares of WSP Global from C$210.00 to C$245.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Veritas Investment Research restated a “buy” rating on shares of WSP Global in a report on Friday, March 1st. Finally, Royal Bank of Canada upped their price objective on shares of WSP Global from C$212.00 to C$237.00 and gave the company an “outperform” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, WSP Global currently has an average rating of “Buy” and an average price target of C$236.92.

WSP Global Trading Down 0.3 %

Shares of WSP Global stock opened at C$213.65 on Wednesday. The stock has a market capitalization of C$26.64 billion, a P/E ratio of 48.67, a price-to-earnings-growth ratio of 1.09 and a beta of 0.80. 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 50-day simple moving average of C$217.49 and a 200 day simple moving average of C$199.13. WSP Global has a 12-month low of C$166.75 and a 12-month high of C$230.98.

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

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders 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 yield of 0.70%. WSP Global’s dividend payout ratio (DPR) is currently 34.17%.

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.