Desjardins Weighs in on WSP Global’s Q4 Earnings (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Stock analysts at Desjardins upped their Q4 2024 earnings per share (EPS) estimates for WSP Global in a research note issued to investors on Friday, November 8th. Desjardins analyst B. Poirier now anticipates that the company will post earnings per share of $2.35 for the quarter, up from their previous estimate of $2.30. Desjardins currently has a “Buy” rating and a $257.00 target price on the stock. The consensus estimate for WSP Global’s current full-year earnings is $9.57 per share. Desjardins also issued estimates for WSP Global’s FY2025 earnings at $9.51 EPS and FY2026 earnings at $10.90 EPS.

Several other equities analysts have also recently issued reports on the company. Canaccord Genuity Group boosted their price target on WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Scotiabank upgraded 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$261.00 to C$279.00 in a research report on Friday. Stifel Nicolaus upped their price objective on shares of WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. Finally, National Bankshares set a C$255.00 target price on shares of WSP Global and gave the company an “outperform” rating in a report on Monday, August 19th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$266.82.

WSP Global Price Performance

Shares of TSE WSP opened at C$243.70 on Monday. The stock has a 50 day moving average of C$240.46 and a two-hundred day moving average of C$224.05. The stock has a market cap of C$30.39 billion, a P/E ratio of 50.89, a P/E/G ratio of 1.09 and a beta of 0.82. WSP Global has a twelve month low of C$180.73 and a twelve month high of C$259.17. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81.

WSP Global (TSE:WSP) last released 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 during the quarter, compared to analysts’ expectations of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%.

WSP Global Dividend Announcement

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 paid a $0.375 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.62%. WSP Global’s dividend payout ratio (DPR) is presently 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.