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

WSP Global Inc. (TSE:WSP) – Scotiabank issued their FY2024 earnings per share estimates for WSP Global in a report released on Wednesday, January 8th. Scotiabank analyst J. Goldman expects that the company will post earnings of $8.00 per share for the year. Scotiabank currently 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 also recently issued reports on WSP. Royal Bank of Canada boosted their price target on shares of WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. 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. Canaccord Genuity Group lifted 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 note on Tuesday, October 15th. Stifel Nicolaus boosted their price target on shares of WSP Global from C$260.00 to C$285.00 in a report on Friday, October 4th. Finally, CIBC raised their price objective on shares of WSP Global from C$264.00 to C$280.00 in a report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, WSP Global has a consensus rating of “Buy” and an average target price of C$268.27.

WSP Global Price Performance

TSE:WSP opened at C$238.23 on Monday. The company has a market capitalization of C$29.70 billion, a P/E ratio of 49.84, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81. WSP Global has a 52 week low of C$186.38 and a 52 week high of C$259.60. The stock’s fifty day moving average is C$248.08 and its two-hundred day moving average is C$235.92.

WSP Global (TSE:WSP) last announced its quarterly 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. The firm had revenue of C$3 billion for 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%.

WSP Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Tuesday, December 31st. 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.