FY2024 Earnings Forecast for WSP Global Issued By Scotiabank

WSP Global Inc. (TSE:WSP) – Investment analysts at Scotiabank issued their FY2024 earnings per share (EPS) estimates for WSP Global in a research note issued on Wednesday, January 8th. Scotiabank analyst J. Goldman expects that the company will earn $8.00 per share for the year. Scotiabank currently has a “Strong-Buy” rating on the stock. The consensus estimate for WSP Global’s current full-year earnings is $9.57 per share. Scotiabank also issued estimates for WSP Global’s FY2025 earnings at $9.65 EPS.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, meeting the consensus estimate of C$2.24. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The company had revenue of C$3 billion during the quarter, compared to analyst estimates of C$3 billion.

A number of other equities research analysts have also issued reports on the company. Canaccord Genuity Group boosted their target price on WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Stifel Nicolaus upped their price objective on shares of WSP Global from C$260.00 to C$285.00 in a research note on Friday, October 4th. CIBC lifted their target price on shares of WSP Global from C$264.00 to C$280.00 in a research report on Friday, December 13th. Royal Bank of Canada upped their price target on shares of WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. Finally, BMO Capital Markets lifted their price objective on shares of WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$268.27.

WSP Global Trading Down 2.0 %

WSP Global stock opened at C$240.02 on Monday. WSP Global has a 1 year low of C$184.68 and a 1 year high of C$259.60. The firm’s 50 day moving average price is C$248.34 and its two-hundred day moving average price is C$235.91. The firm has a market cap of C$29.93 billion, a price-to-earnings ratio of 50.21, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13.

WSP Global Announces Dividend

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

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.