WSP Global (TSE:WSP) Issues Quarterly Earnings Results

WSP Global (TSE:WSP) announced its earnings results on Wednesday. The company reported C$2.24 earnings per share for the quarter, hitting analysts’ consensus estimates of C$2.24, reports. The company had revenue of C$3 billion during 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%.

WSP Global Price Performance

WSP Global stock traded down C$0.17 during midday trading on Friday, reaching C$252.25. The company’s stock had a trading volume of 249,800 shares, compared to its average volume of 180,697. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81. The stock has a market cap 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 52 week low of C$180.73 and a 52 week high of C$259.17. The business has a 50-day moving average price of C$240.10 and a 200-day moving average price of C$223.73.

WSP Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, December 31st. WSP Global’s dividend payout ratio is presently 31.38%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WSP. National Bankshares set a C$255.00 target price on shares of WSP Global and gave the company an “outperform” rating in a research report on Monday, August 19th. Canaccord Genuity Group increased their target price on WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Scotiabank raised WSP Global to a “strong-buy” rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on shares of WSP Global from C$252.00 to C$261.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Finally, TD Securities increased their target price on shares of WSP Global from C$273.00 to C$279.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target 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.