Stifel Canada Brokers Cut Earnings Estimates for WSP Global

WSP Global Inc. (TSE:WSP) – Research analysts at Stifel Canada lowered their FY2024 earnings estimates for WSP Global in a report released on Thursday, November 7th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings per share of $7.86 for the year, down from their previous estimate of $7.96. The consensus estimate for WSP Global’s current full-year earnings is $9.57 per share. Stifel Canada also issued estimates for WSP Global’s Q4 2024 earnings at $2.19 EPS, Q2 2025 earnings at $2.41 EPS, Q4 2025 earnings at $2.44 EPS, Q2 2026 earnings at $2.77 EPS, Q3 2026 earnings at $3.11 EPS and FY2026 earnings at $10.67 EPS.

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

Several other research firms have also commented on WSP. ATB Capital raised their price target on shares of WSP Global from C$235.00 to C$250.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Canaccord Genuity Group upped their price target on shares of WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Stifel Nicolaus boosted their price objective on WSP Global from C$260.00 to C$285.00 in a research note on Friday, October 4th. CIBC raised their target price on WSP Global from C$245.00 to C$264.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets upped their price target on WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, WSP Global has an average rating of “Buy” and a consensus target price of C$266.82.

WSP Global Stock Performance

Shares of TSE:WSP opened at C$240.94 on Monday. The firm has a market capitalization of C$30.04 billion, a PE ratio of 50.41, a P/E/G ratio of 1.09 and a beta of 0.82. WSP Global has a 12 month low of C$180.73 and a 12 month high of C$259.17. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04. The business has a 50-day moving average of C$240.84 and a two-hundred day moving average of C$224.18.

WSP Global Dividend Announcement

The business also recently declared 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. The ex-dividend date is Tuesday, December 31st. This represents a $1.50 annualized dividend and a yield of 0.62%. WSP Global’s dividend payout ratio is presently 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.