National Bank Financial Brokers Increase Earnings Estimates for WSP Global Inc. (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Analysts at National Bank Financial increased their Q3 2024 EPS estimates for WSP Global in a research note issued to investors on Wednesday, July 31st. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $2.24 per share for the quarter, up from their prior forecast of $2.21. The consensus estimate for WSP Global’s current full-year earnings is $8.10 per share. National Bank Financial also issued estimates for WSP Global’s Q4 2024 earnings at $2.21 EPS and FY2024 earnings at $7.90 EPS.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, May 8th. The company reported C$1.55 EPS for the quarter, beating analysts’ consensus estimates of C$1.48 by C$0.07. The business had revenue of C$2.79 billion during the quarter, compared to analysts’ expectations of C$2.76 billion. WSP Global had a return on equity of 9.05% and a net margin of 3.88%.

Other equities research analysts have also recently issued research reports about the stock. National Bankshares lifted their target price on shares of WSP Global from C$234.00 to C$251.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Royal Bank of Canada boosted their price target on shares of WSP Global from C$245.00 to C$252.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Raymond James increased their price objective on shares of WSP Global from C$250.00 to C$255.00 and gave the company a “strong-buy” rating in a report on Thursday, August 1st. Canaccord Genuity Group boosted their target price on WSP Global from C$235.00 to C$255.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Desjardins upped their price target on WSP Global from C$246.00 to C$249.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One 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. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$246.92.

WSP Global Stock Down 2.4 %

Shares of WSP opened at C$214.24 on Monday. The stock has a 50 day moving average price of C$214.57 and a 200 day moving average price of C$213.07. WSP Global has a one year low of C$174.39 and a one year high of C$230.98. The company has a debt-to-equity ratio of 70.90, a quick ratio of 1.04 and a current ratio of 1.20. The stock has a market capitalization of C$26.71 billion, a price-to-earnings ratio of 47.50, a PEG ratio of 1.09 and a beta of 0.82.

Insider Buying and Selling

In related news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total transaction of C$595,099,169.00. 0.07% of the stock is currently owned by company insiders.

WSP Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.375 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.50 annualized dividend and a yield of 0.70%. WSP Global’s payout ratio is 33.26%.

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.