WSP Global Inc Expected to Post FY2018 Earnings of $3.18 Per Share (TSE:WSP)

WSP Global Inc (TSE:WSP) – Equities research analysts at National Bank Financial increased their FY2018 earnings estimates for WSP Global in a research report issued to clients and investors on Wednesday. National Bank Financial analyst M. Sytchev now anticipates that the company will earn $3.18 per share for the year, up from their previous forecast of $3.17. National Bank Financial has a “Sector Perform Overweight” rating on the stock.

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A number of other brokerages also recently commented on WSP. CIBC increased their price target on WSP Global from C$51.00 to C$54.00 in a research report on Monday, July 10th. TD Securities increased their price target on WSP Global from C$58.00 to C$59.00 and gave the company a “buy” rating in a research report on Thursday. Raymond James Financial, Inc. increased their price target on WSP Global from C$55.00 to C$56.00 and gave the company a “strong-buy” rating in a research report on Friday, May 12th. Scotiabank increased their price target on WSP Global from C$49.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. Finally, Canaccord Genuity downgraded WSP Global from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. WSP Global has an average rating of “Buy” and an average price target of C$53.25.

Shares of WSP Global (TSE:WSP) traded up 0.33% on Friday, hitting $48.97. The stock had a trading volume of 161,515 shares. WSP Global has a 52 week low of $40.50 and a 52 week high of $55.04. The company has a 50-day moving average of $51.86 and a 200 day moving average of $49.14. The company has a market capitalization of $5.01 billion and a price-to-earnings ratio of 22.71.

The company also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Saturday, July 15th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Wednesday, June 28th.

WSP Global Company Profile

WSP Global Inc is a professional services company. The Company’s segments are Canada, Americas (US and South America), EMEIA (Europe, Middle East, India and Africa) and APAC (Asia Pacific, including primarily Asia and Australia). It offers services in project delivery and consulting. It offers various project services throughout the project execution phases.

Earnings History and Estimates for WSP Global (TSE:WSP)

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