Stifel Canada Comments on WSP Global Inc.’s Q3 2024 Earnings (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Analysts at Stifel Canada cut their Q3 2024 earnings estimates for WSP Global in a research report issued to clients and investors on Thursday, October 3rd. Stifel Canada analyst I. Gillies now expects that the company will earn $2.30 per share for the quarter, down from their previous estimate of $2.31. The consensus estimate for WSP Global’s current full-year earnings is $9.44 per share. Stifel Canada also issued estimates for WSP Global’s Q1 2025 earnings at $1.84 EPS, Q2 2025 earnings at $2.38 EPS, Q3 2025 earnings at $2.77 EPS, Q4 2025 earnings at $2.42 EPS, FY2025 earnings at $9.41 EPS, Q1 2026 earnings at $2.04 EPS, Q2 2026 earnings at $2.64 EPS and Q3 2026 earnings at $3.02 EPS.

Other analysts have also issued reports about the company. BMO Capital Markets lifted their price target on WSP Global from C$252.00 to C$257.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Stifel Nicolaus lifted their target price on WSP Global from C$260.00 to C$285.00 in a research note on Friday. Raymond James increased their price target on shares of WSP Global from C$255.00 to C$270.00 and gave the company a “strong-buy” rating in a research report on Tuesday, August 20th. Royal Bank of Canada raised their price objective on shares of WSP Global from C$252.00 to C$261.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Finally, TD Securities boosted their target price on shares of WSP Global from C$273.00 to C$279.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$256.58.

WSP Global Stock Performance

Shares of WSP stock opened at C$239.63 on Friday. WSP Global has a one year low of C$174.39 and a one year high of C$241.21. The company has a market cap of C$29.88 billion, a P/E ratio of 50.13, a P/E/G ratio of 1.09 and a beta of 0.81. The firm has a 50-day moving average of C$227.41 and a 200-day moving average of C$218.92. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04.

WSP Global (TSE:WSP) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$1.89 EPS for the quarter, missing analysts’ consensus estimates of C$1.90 by C($0.01). The company had revenue of C$2.99 billion during the quarter, compared to analysts’ expectations of C$2.93 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%.

WSP Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Friday, September 27th. WSP Global’s payout ratio is currently 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.