WSP Global Inc. (TSE:WSP) Plans $0.38 Quarterly Dividend

WSP Global Inc. (TSE:WSP) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Sunday, June 30th will be paid a dividend of 0.375 per share on Monday, July 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, June 28th.

WSP Global Trading Down 1.4 %

TSE:WSP opened at C$215.62 on Friday. The stock has a market capitalization of C$26.89 billion, a price-to-earnings ratio of 48.89, a PEG ratio of 1.09 and a beta of 0.81. WSP Global has a 52 week low of C$166.75 and a 52 week high of C$230.98. 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 firm has a 50 day moving average of C$218.18 and a 200 day moving average of C$200.69.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$1.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of C$2.81 billion. As a group, sell-side analysts anticipate that WSP Global will post 7.8118923 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WSP has been the subject of a number of recent analyst reports. ATB Capital lifted their target price on shares of WSP Global from C$210.00 to C$220.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. Scotiabank upped their target price 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. CIBC boosted their price target on WSP Global from C$234.00 to C$239.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Canaccord Genuity Group raised their price objective on WSP Global from C$225.00 to C$235.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, TD Securities upped their target price on WSP Global from C$220.00 to C$255.00 and gave the company a “buy” rating in a research report on Monday, March 4th. One equities research 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’s stock. According to data from MarketBeat, WSP Global presently has a consensus rating of “Buy” and a consensus price target of C$236.92.

WSP Global Company Profile

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.