WSP Global (WSP) to Release Quarterly Earnings on Wednesday

WSP Global (TSE:WSP) will post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect WSP Global to post earnings of C$1.48 per share for the quarter.

WSP Global (TSE:WSP) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$1.99 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of C$2.81 billion.

WSP Global Price Performance

Shares of WSP opened at C$214.27 on Monday. The stock has a market cap of C$26.72 billion, a P/E ratio of 48.59, a price-to-earnings-growth ratio of 1.09 and a beta of 0.81. WSP Global has a 1 year low of C$166.75 and a 1 year high of C$230.98. The stock’s 50-day moving average price is C$217.87 and its two-hundred day moving average price is C$200.02. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 67.33.

WSP Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a $0.375 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.70%. WSP Global’s dividend payout ratio is 34.01%.

Wall Street Analyst Weigh In

Several brokerages have commented on WSP. ATB Capital upped their target price on shares of WSP Global from C$210.00 to C$220.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st. Raymond James raised WSP Global from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from C$215.00 to C$245.00 in a research note on Friday, January 26th. National Bankshares boosted their target price on WSP Global from C$212.00 to C$234.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Desjardins increased their price target on WSP Global from C$210.00 to C$243.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, CIBC lifted their price objective on WSP Global from C$234.00 to C$239.00 and gave the company an “outperform” rating in a report on Friday, March 1st. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$236.92.

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.