WSP Global (WSP) Scheduled to Post Quarterly Earnings on Tuesday

WSP Global (TSE:WSP) will be issuing its quarterly earnings data after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of C$1.91 per share for the quarter.

WSP Global (TSE:WSP) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$1.55 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.48 by C$0.07. WSP Global had a net margin of 3.88% and a return on equity of 9.05%. The company had revenue of C$2.79 billion during the quarter, compared to analyst estimates of C$2.76 billion.

WSP Global Stock Up 2.3 %

TSE WSP opened at C$228.75 on Monday. WSP Global has a 12 month low of C$174.39 and a 12 month high of C$230.98. The company’s 50 day simple moving average is C$212.49 and its 200 day simple moving average is C$211.41. The company has a debt-to-equity ratio of 70.90, a current ratio of 1.20 and a quick ratio of 1.04. The company has a market capitalization of C$28.52 billion, a P/E ratio of 50.72, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were paid a $0.375 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.50 annualized dividend and a yield of 0.66%. WSP Global’s dividend payout ratio is presently 33.26%.

Insiders Place Their Bets

In related news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total value of C$595,099,169.00. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on WSP shares. Stifel Nicolaus dropped their price objective on shares of WSP Global from C$245.00 to C$235.00 in a research note on Friday, May 10th. Scotiabank upped their target price on shares of WSP Global from C$239.00 to C$241.00 in a research note on Friday, May 10th. BMO Capital Markets increased their price objective on shares of WSP Global from C$248.00 to C$249.00 in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada increased their target price on shares of WSP Global from C$237.00 to C$245.00 in a research report on Friday, May 10th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$237.17.

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.