WSP Global (TSE:WSP) Issues Quarterly Earnings Results

WSP Global (TSE:WSP) announced its quarterly earnings data on Wednesday. The company reported C$2.88 earnings per share for the quarter, FiscalAI reports. WSP Global had a return on equity of 10.39% and a net margin of 5.23%.The business had revenue of C$5.40 billion for the quarter.

WSP Global Trading Up 6.3%

Shares of WSP stock opened at C$192.56 on Friday. WSP Global has a fifty-two week low of C$156.64 and a fifty-two week high of C$291.46. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19. The stock’s fifty day moving average is C$177.73 and its two-hundred day moving average is C$210.19. The firm has a market capitalization of C$25.96 billion, a P/E ratio of 26.27, a PEG ratio of 1.09 and a beta of 0.19.

WSP Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a $0.375 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.50 dividend on an annualized basis and a yield of 0.8%. WSP Global’s dividend payout ratio (DPR) is presently 20.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WSP shares. BMO Capital Markets lifted their target price on WSP Global from C$272.00 to C$280.00 and gave the stock an “outperform” rating in a report on Thursday. ATB Cormark Capital Markets dropped their price objective on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Canadian Imperial Bank of Commerce cut their price objective on shares of WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a research note on Wednesday, July 8th. National Bank Financial reduced their target price on shares of WSP Global from C$272.00 to C$207.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, Canaccord Genuity Group reduced their price objective on WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat, WSP Global has an average rating of “Buy” and a consensus price target of C$296.83.

Insider Activity

In other WSP Global news, Director Pascale Sourisse bought 364 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was acquired at an average price of C$172.02 per share, with a total value of C$62,615.28. Following the completion of the acquisition, the director directly owned 888 shares of the company’s stock, valued at C$152,753.76. This represents a 69.47% increase in their ownership of the stock. 0.06% of the stock is owned by insiders.

WSP Global Company Profile

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).