WSP Global Inc. (TSE:WSP) to Issue $0.38 Quarterly Dividend

WSP Global Inc. (TSE:WSP) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Sunday, June 30th will be given a dividend of 0.375 per share on Monday, July 15th. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th.

WSP Global Price Performance

WSP stock traded up C$0.37 during mid-day trading on Friday, reaching C$215.99. 7,019 shares of the company traded hands, compared to its average volume of 161,050. The company has a market capitalization of C$26.93 billion, a P/E ratio of 48.89, a P/E/G ratio of 1.09 and a beta of 0.81. The company has a debt-to-equity ratio of 67.33, a current ratio of 1.15 and a quick ratio of 1.04. The company has a fifty day moving average price of C$218.18 and a 200-day moving average price of C$200.69. WSP Global has a 52-week low of C$166.75 and a 52-week high of C$230.98.

WSP Global (TSE:WSP) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.91 by C$0.08. The firm had revenue of C$3.72 billion during the quarter, compared to the consensus estimate of C$2.81 billion. WSP Global had a return on equity of 8.96% and a net margin of 3.81%. As a group, analysts anticipate that WSP Global will post 7.8118923 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on WSP Global from C$212.00 to C$237.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Veritas Investment Research reissued a “buy” rating on shares of WSP Global in a research report on Friday, March 1st. Scotiabank boosted their price objective on shares of WSP Global from C$233.00 to C$239.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Stifel Nicolaus increased their target price on shares of WSP Global from C$210.00 to C$245.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Raymond James upgraded WSP Global from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from C$215.00 to C$245.00 in a research report on Friday, January 26th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$236.92.

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.