Q1 2024 EPS Estimates for WSP Global Inc. (TSE:WSP) Boosted by Desjardins

WSP Global Inc. (TSE:WSP) – Research analysts at Desjardins raised their Q1 2024 earnings per share (EPS) estimates for shares of WSP Global in a note issued to investors on Tuesday, April 23rd. Desjardins analyst B. Poirier now expects that the company will earn $1.46 per share for the quarter, up from their previous forecast of $1.36. Desjardins has a “Buy” rating and a $243.00 price target on the stock. The consensus estimate for WSP Global’s current full-year earnings is $7.95 per share. Desjardins also issued estimates for WSP Global’s FY2024 earnings at $7.90 EPS and FY2025 earnings at $9.05 EPS.

Other analysts also recently issued research reports about the company. Royal Bank of Canada raised their price objective on WSP Global from C$212.00 to C$237.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. ATB Capital raised their target price on WSP Global from C$210.00 to C$220.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. Canaccord Genuity Group raised their target price on WSP Global from C$225.00 to C$235.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Stifel Nicolaus raised their target price on WSP Global from C$210.00 to C$245.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, BMO Capital Markets raised their target price on WSP Global from C$215.00 to C$244.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. One investment 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 data from MarketBeat, WSP Global has an average rating of “Buy” and a consensus price target of C$236.75.

WSP Global Price Performance

Shares of WSP stock opened at C$213.70 on Wednesday. The stock has a 50 day moving average of C$217.13 and a two-hundred day moving average of C$198.92. 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 has a 12 month low of C$166.75 and a 12 month high of C$230.98. The company has a market capitalization of C$26.64 billion, a P/E ratio of 48.68, a P/E/G ratio of 1.09 and a beta of 0.80.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$1.99 EPS for the quarter, topping 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 company had revenue of C$3.72 billion during the quarter, compared to the consensus estimate of C$2.81 billion.

WSP Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.375 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.50 annualized dividend and a dividend yield of 0.70%. WSP Global’s dividend payout ratio (DPR) is currently 34.17%.

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.