FY2024 Earnings Forecast for WSP Global Issued By Scotiabank

WSP Global Inc. (TSE:WSP) – Analysts at Scotiabank issued their FY2024 EPS estimates for WSP Global in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst J. Goldman expects that the company will post earnings of $8.00 per share for the year. Scotiabank 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.

A number of other equities research analysts have also recently issued reports on WSP. Stifel Nicolaus upped their target price on WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. CIBC boosted 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 raised their price objective on WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. BMO Capital Markets raised their price target on shares of WSP Global from C$257.00 to C$280.00 in a research note on Friday, November 8th. Finally, Canaccord Genuity Group upped their target price on shares of WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. One 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$268.27.

WSP Global Stock Performance

Shares of TSE WSP opened at C$240.06 on Monday. The business’s 50-day simple moving average is C$247.88 and its 200-day simple moving average is C$235.95. 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 has a 52 week low of C$186.38 and a 52 week high of C$259.60. The firm has a market cap of C$29.93 billion, a price-to-earnings ratio of 50.22, a P/E/G ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP) last posted its earnings results 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 return on equity of 9.40% and a net margin of 4.03%. The company had revenue of C$3 billion for the quarter, compared to analyst estimates of C$3 billion.

WSP Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.375 per share. 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 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.