FY2024 EPS Estimates for WSP Global Lowered by Raymond James

WSP Global Inc. (TSE:WSP) – Investment analysts at Raymond James lowered their FY2024 EPS estimates for WSP Global in a note issued to investors on Thursday, November 7th. Raymond James analyst F. Bastien now expects that the company will earn $8.00 per share for the year, down from their prior forecast of $8.15. Raymond James currently has a “Strong-Buy” rating and a $270.00 target price on the stock. The consensus estimate for WSP Global’s current full-year earnings is $9.57 per share. Raymond James also issued estimates for WSP Global’s Q4 2024 earnings at $2.35 EPS, Q3 2025 earnings at $3.01 EPS and Q4 2025 earnings at $2.76 EPS.

Several other research analysts have also recently weighed in on the stock. TD Securities boosted their price target on shares of WSP Global from C$273.00 to C$279.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. BMO Capital Markets increased their price target on shares of WSP Global from C$257.00 to C$280.00 in a research note on Friday. Stifel Nicolaus lifted their price target on shares of WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. Desjardins increased their price objective on WSP Global from C$249.00 to C$257.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Finally, National Bankshares set a C$255.00 target price on WSP Global and gave the company an “outperform” rating in a research report on Monday, August 19th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, WSP Global currently has a consensus rating of “Buy” and an average target price of C$261.67.

WSP Global Stock Performance

Shares of WSP Global stock opened at C$241.25 on Friday. The business’s 50 day moving average price is C$240.46 and its 200 day moving average price is C$223.95. The company has a market cap of C$30.08 billion, a price-to-earnings ratio of 50.47, a PEG 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 has a one year low of C$180.73 and a one year high of C$259.17.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, hitting analysts’ consensus estimates of C$2.24. The business had revenue of C$3 billion for the quarter, compared to analyst estimates of C$3 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Tuesday, December 31st. WSP Global’s dividend payout ratio (DPR) 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.