Brokers Offer Predictions for WSP Global FY2024 Earnings

WSP Global Inc. (TSE:WSP) – Equities researchers at Raymond James dropped their FY2024 EPS estimates for WSP Global in a note issued to investors on Thursday, November 7th. Raymond James analyst F. Bastien now forecasts that the company will post earnings per share of $8.00 for the year, down from their previous estimate of $8.15. Raymond James has a “Strong-Buy” rating and a $270.00 price target on the stock. The consensus estimate for WSP Global’s current full-year earnings is $9.57 per share. Raymond James also issued estimates for WSP Global’s Q4 2024 earnings at $2.35 EPS, Q3 2025 earnings at $3.01 EPS and Q4 2025 earnings at $2.76 EPS.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$2.24. The business 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%.

Several other research firms have also recently weighed in on WSP. Royal Bank of Canada increased their price target on shares of WSP Global from C$261.00 to C$279.00 in a report on Friday. National Bankshares set a C$255.00 price objective on shares of WSP Global and gave the stock an “outperform” rating in a research note on Monday, August 19th. Scotiabank upgraded WSP Global to a “strong-buy” rating in a research note on Friday, October 25th. CIBC increased their target price on shares of WSP Global from C$245.00 to C$264.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Finally, ATB Capital lifted their price target on shares of WSP Global from C$235.00 to C$250.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$266.82.

WSP Global Stock Performance

Shares of WSP Global stock opened at C$241.25 on Friday. WSP Global has a 52 week low of C$180.73 and a 52 week high of C$259.17. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. The stock has a market capitalization of C$30.08 billion, a price-to-earnings ratio of 50.47, a PEG ratio of 1.09 and a beta of 0.82. The firm has a fifty day moving average of C$240.46 and a two-hundred day moving average of C$224.05.

WSP Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Tuesday, December 31st. WSP Global’s payout ratio is 31.38%.

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.