WSP Global Inc to Post FY2017 Earnings of $2.85 Per Share, Desjardins Forecasts (WSP)
WSP Global Inc (TSE:WSP) – Equities researchers at Desjardins cut their FY2017 EPS estimates for shares of WSP Global in a report released on Wednesday. Desjardins analyst B. Poirier now forecasts that the brokerage will post earnings per share of $2.85 for the year, down from their previous estimate of $2.89.
Other equities analysts also recently issued research reports about the stock. CIBC lowered their target price on shares of WSP Global from C$45.00 to C$42.00 in a research note on Wednesday, June 29th. Scotiabank reiterated an “outperform” rating and set a C$46.00 target price on shares of WSP Global in a research note on Thursday, August 4th. TD Securities reiterated a “buy” rating and set a C$49.00 target price on shares of WSP Global in a research note on Thursday, August 4th. Canaccord Genuity boosted their target price on shares of WSP Global from C$44.00 to C$45.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Finally, BMO Capital Markets boosted their target price on shares of WSP Global from C$41.50 to C$43.00 and gave the stock a “market perform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$45.59.
Shares of WSP Global (TSE:WSP) traded down 1.54% during midday trading on Friday, reaching $42.82. The company’s stock had a trading volume of 60,669 shares. The company has a 50 day moving average of $42.89 and a 200-day moving average of $40.73. The stock has a market capitalization of $4.32 billion and a price-to-earnings ratio of 28.85. WSP Global has a 52 week low of $35.11 and a 52 week high of $49.18.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Saturday, October 15th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.45%.
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.
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