Q3 2024 EPS Estimates for WSP Global Inc. Reduced by Desjardins (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Analysts at Desjardins lowered their Q3 2024 earnings estimates for WSP Global in a note issued to investors on Wednesday, July 31st. Desjardins analyst B. Poirier now forecasts that the company will earn $2.24 per share for the quarter, down from their prior forecast of $2.26. Desjardins has a “Buy” rating and a $249.00 price target on the stock. The consensus estimate for WSP Global’s current full-year earnings is $8.10 per share. Desjardins also issued estimates for WSP Global’s Q4 2024 earnings at $2.25 EPS and FY2024 earnings at $7.92 EPS.

WSP Global (TSE:WSP) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.48 by C$0.07. The firm had revenue of C$2.79 billion for the quarter, compared to the consensus estimate of C$2.76 billion. WSP Global had a net margin of 3.88% and a return on equity of 9.05%.

Several other research analysts have also commented on the company. TD Securities boosted their price target on WSP Global from C$265.00 to C$273.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. CIBC boosted their target price on shares of WSP Global from C$239.00 to C$245.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Scotiabank raised their price target on shares of WSP Global from C$239.00 to C$241.00 in a report on Friday, May 10th. Stifel Nicolaus lifted their price objective on shares of WSP Global from C$235.00 to C$250.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets increased their target price on shares of WSP Global from C$249.00 to C$252.00 in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$246.92.

WSP Global Stock Performance

Shares of TSE:WSP opened at C$214.24 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 70.90. The company has a market capitalization of C$26.71 billion, a price-to-earnings ratio of 47.50, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The firm has a 50 day moving average of C$214.57 and a 200 day moving average of C$213.07. WSP Global has a 52 week low of C$174.39 and a 52 week high of C$230.98.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, September 27th. WSP Global’s dividend payout ratio is currently 33.26%.

Insider Buying and Selling at WSP Global

In other WSP Global news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total value of C$595,099,169.00. Company insiders own 0.07% of the company’s stock.

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.