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

WSP Global Inc. (TSE:WSP) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.375 per share on Wednesday, January 15th. This represents a $1.50 annualized dividend and a yield of 0.59%. The ex-dividend date is Tuesday, December 31st.

WSP Global Stock Performance

Shares of WSP opened at C$252.25 on Friday. The company has a market capitalization of C$31.45 billion, a PE ratio of 52.77, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. WSP Global has a one year low of C$180.73 and a one year high of C$259.17. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04. The company’s fifty day moving average price is C$240.10 and its 200 day moving average price is C$223.73.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, hitting the consensus estimate of C$2.24. The firm had revenue of C$3 billion for the quarter, compared to the consensus estimate of C$3 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. As a group, analysts expect that WSP Global will post 9.5687404 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on WSP shares. BMO Capital Markets lifted their target price on shares of WSP Global from C$252.00 to C$257.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Raymond James raised their price target on shares of WSP Global from C$255.00 to C$270.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, August 20th. National Bankshares set a C$255.00 price target on shares of WSP Global and gave the stock an “outperform” rating in a research report on Monday, August 19th. Canaccord Genuity Group raised their price target on shares of WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Desjardins raised their price target on shares of WSP Global from C$249.00 to C$257.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$258.25.

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.