WSP Global Inc. to Post Q2 2024 Earnings of $1.92 Per Share, Atb Cap Markets Forecasts (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Atb Cap Markets increased their Q2 2024 earnings per share estimates for WSP Global in a research report issued to clients and investors on Wednesday, May 1st. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $1.92 per share for the quarter, up from their previous estimate of $1.81. The consensus estimate for WSP Global’s current full-year earnings is $7.81 per share. Atb Cap Markets also issued estimates for WSP Global’s Q3 2024 earnings at $2.33 EPS, Q4 2024 earnings at $2.39 EPS, FY2024 earnings at $8.11 EPS, Q1 2025 earnings at $1.71 EPS, Q2 2025 earnings at $2.12 EPS, Q3 2025 earnings at $2.55 EPS, Q4 2025 earnings at $2.61 EPS and FY2025 earnings at $8.96 EPS.

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 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 business had revenue of C$3.72 billion for the quarter, compared to analysts’ expectations of C$2.81 billion.

A number of other research analysts have also recently commented on WSP. Canaccord Genuity Group upped their price target on WSP Global from C$225.00 to C$235.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. TD Securities upped their price target 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. ATB Capital upped their price target on WSP Global from C$210.00 to C$220.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st. CIBC boosted their price objective 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. Finally, Raymond James upgraded WSP Global from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from C$215.00 to C$245.00 in a research note on Friday, January 26th. One 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 stock. According to MarketBeat.com, WSP Global has an average rating of “Buy” and a consensus target price of C$236.92.

WSP Global Stock Up 0.1 %

WSP stock opened at C$214.27 on Friday. WSP Global has a 1-year low of C$166.75 and a 1-year high of C$230.98. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 67.33. The stock’s fifty day simple moving average is C$217.87 and its two-hundred day simple moving average is C$199.90. The stock has a market cap of C$26.72 billion, a P/E ratio of 48.59, a P/E/G ratio of 1.09 and a beta of 0.81.

WSP Global Announces Dividend

The firm also recently announced 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 is currently 34.01%.

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.