WSP Global Inc. Expected to Post Q3 2024 Earnings of $2.34 Per Share (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Stock analysts at Raymond James upped their Q3 2024 earnings estimates for shares of WSP Global in a research note issued to investors on Wednesday, July 31st. Raymond James analyst F. Bastien now expects that the company will post earnings per share of $2.34 for the quarter, up from their prior estimate of $2.32. Raymond James has a “Strong-Buy” rating and a $255.00 price objective on the stock. The consensus estimate for WSP Global’s current full-year earnings is $8.10 per share. Raymond James also issued estimates for WSP Global’s Q4 2024 earnings at $2.38 EPS, Q3 2025 earnings at $2.79 EPS and FY2025 earnings at $9.60 EPS.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, May 8th. The company reported C$1.55 earnings per share for the quarter, topping the consensus estimate of C$1.48 by C$0.07. The company had revenue of C$2.79 billion for the quarter, compared to the consensus estimate of C$2.76 billion. WSP Global had a net margin of 3.88% and a return on equity of 9.05%.

Several other research firms have also recently issued reports on WSP. Canaccord Genuity Group boosted their target price on shares of WSP Global from C$235.00 to C$255.00 and gave the company a “buy” rating in a research note on Wednesday. National Bankshares upped their price objective on shares of WSP Global from C$234.00 to C$251.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Securities upped their target price on shares of WSP Global from C$265.00 to C$273.00 and gave the stock a “buy” rating in a report on Thursday. ATB Capital upped their target price on shares of WSP Global from C$225.00 to C$235.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Stifel Nicolaus upped their target price on shares of WSP Global from C$235.00 to C$250.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$246.92.

WSP Global Stock Down 2.1 %

TSE:WSP opened at C$219.62 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 70.90. WSP Global has a twelve month low of C$174.39 and a twelve month high of C$230.98. The company’s 50 day moving average is C$214.25 and its two-hundred day moving average is C$212.54. The company has a market cap of C$27.38 billion, a PE ratio of 48.70, a P/E/G ratio of 1.09 and a beta of 0.82.

Insider Buying and Selling at WSP Global

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

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders 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 dividend on an annualized basis and a yield of 0.68%. WSP Global’s payout ratio is currently 33.26%.

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.