WSP Global (TSE:WSP) Reaches New 12-Month High After Dividend Announcement

Shares of WSP Global Inc. (TSE:WSP) reached a new 52-week high during mid-day trading on Monday after the company announced a dividend. The company traded as high as C$238.80 and last traded at C$238.22, with a volume of 29779 shares trading hands. The stock had previously closed at C$237.67.

The newly announced dividend which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be paid 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 0.63%. WSP Global’s dividend payout ratio is currently 31.38%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WSP. ATB Capital increased their price objective on shares of WSP Global from C$235.00 to C$250.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Stifel Nicolaus increased their price objective on shares of WSP Global from C$250.00 to C$260.00 in a research note on Tuesday, August 20th. TD Securities increased their price objective on shares of WSP Global from C$273.00 to C$279.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. National Bankshares set a C$255.00 price objective on shares of WSP Global and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, Raymond James increased their price objective on shares of WSP Global from C$255.00 to C$270.00 and gave the company a “strong-buy” rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$254.50.

WSP Global Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81. The firm has a 50-day moving average of C$226.30 and a two-hundred day moving average of C$218.43. The company has a market capitalization of C$29.81 billion, a PE ratio of 49.78, a PEG ratio of 1.09 and a beta of 0.81.

WSP Global (TSE:WSP) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.90 by C($0.01). The firm had revenue of C$2.99 billion during the quarter, compared to analyst estimates of C$2.93 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. Research analysts anticipate that WSP Global Inc. will post 9.4350933 EPS for the current year.

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.