WSP Global (TSE:WSP) Announces Quarterly Earnings Results

WSP Global (TSE:WSP) posted its quarterly earnings results on Wednesday. The company reported C$3.20 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$5.29 billion for the quarter. WSP Global had a return on equity of 9.52% and a net margin of 4.81%.

WSP Global Stock Performance

WSP Global stock opened at C$199.12 on Thursday. WSP Global has a fifty-two week low of C$156.64 and a fifty-two week high of C$275.24. The company has a debt-to-equity ratio of 84.47, a current ratio of 1.20 and a quick ratio of 1.04. The company has a market cap of C$26.84 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 1.09 and a beta of 0.40. The firm’s 50 day simple moving average is C$179.01 and its 200-day simple moving average is C$201.59.

Analysts Set New Price Targets

A number of analysts have commented on WSP shares. TD dropped their price target on shares of WSP Global from C$307.00 to C$255.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Scotiabank decreased their price objective on shares of WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating for the company in a report on Friday, July 10th. Royal Bank Of Canada lowered their price objective on shares of WSP Global from C$304.00 to C$303.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. BMO Capital Markets lowered their price objective on shares of WSP Global from C$280.00 to C$275.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. Finally, National Bank Financial dropped their target price on WSP Global from C$219.00 to C$216.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, WSP Global presently has an average rating of “Buy” and an average target price of C$289.62.

About WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).