Scotiabank Predicts WSP Global’s FY2024 Earnings (TSE:WSP)

WSP Global Inc. (TSE:WSP) – Investment analysts at Scotiabank issued their FY2024 earnings per share estimates for WSP Global in a research note issued on Wednesday, January 8th. Scotiabank analyst J. Goldman anticipates that the company will earn $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 research analysts have also recently weighed in on WSP. Royal Bank of Canada lifted their price target on shares of WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. CIBC upped their price target on shares of WSP Global from C$264.00 to C$280.00 in a research report on Friday, December 13th. Stifel Nicolaus raised their price objective on WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. BMO Capital Markets upped their target price on WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. Finally, Canaccord Genuity Group raised their target price on WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$268.27.

WSP Global Stock Performance

TSE WSP opened at C$240.02 on Monday. 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 has a 1-year low of C$184.68 and a 1-year high of C$259.60. The firm has a market capitalization of C$29.93 billion, a P/E ratio of 50.21, a P/E/G ratio of 1.09 and a beta of 0.82. The business’s 50-day simple moving average is C$248.34 and its 200-day simple moving average is C$235.91.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share for the quarter, hitting the consensus estimate of C$2.24. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The business had revenue of C$3 billion for the quarter, compared to analyst estimates of C$3 billion.

WSP Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Tuesday, December 31st. WSP Global’s payout ratio is 31.38%.

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.