Q1 2024 EPS Estimates for WSP Global Inc. (TSE:WSP) Boosted by Desjardins

WSP Global Inc. (TSE:WSP) – Stock analysts at Desjardins upped their Q1 2024 earnings per share (EPS) estimates for WSP Global in a research report issued on Tuesday, April 23rd. Desjardins analyst B. Poirier now forecasts that the company will earn $1.46 per share for the quarter, up from their previous forecast of $1.36. Desjardins has a “Buy” rating and a $243.00 price objective 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 equities research analysts have also recently issued reports about the company. National Bankshares upped their target price on WSP Global from C$212.00 to C$234.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. BMO Capital Markets increased their price target on WSP Global from C$215.00 to C$244.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Canaccord Genuity Group increased their price target on WSP Global from C$225.00 to C$235.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Royal Bank of Canada increased their price target on WSP Global from C$212.00 to C$237.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, Veritas Investment Research reiterated a “buy” rating on shares of WSP Global in a research note on Friday, March 1st. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$236.75.

WSP Global Stock Up 1.5 %

TSE WSP opened at C$213.70 on Wednesday. The business has a fifty day moving average price of C$217.13 and a two-hundred day moving average price of C$198.92. The company has a debt-to-equity ratio of 67.33, a current ratio of 1.15 and a quick ratio of 1.04. WSP Global has a fifty-two week low of C$166.75 and a fifty-two week high of C$230.98. The stock has a market capitalization of C$26.64 billion, a PE ratio of 48.68, a PEG ratio of 1.09 and a beta of 0.80.

WSP Global (TSE:WSP) last released its earnings results 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 firm had revenue of C$3.72 billion during the quarter, compared to analysts’ expectations of C$2.81 billion.

WSP Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were issued a $0.375 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.50 dividend on an annualized basis and a yield of 0.70%. WSP Global’s payout ratio is 34.17%.

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.