WSP Global (TSE:WSP) Releases Earnings Results

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

WSP Global Stock Performance

WSP traded up C$0.41 during trading on Wednesday, hitting C$181.12. The stock had a trading volume of 789,297 shares, compared to its average volume of 521,115. The firm has a market cap of C$24.42 billion, a PE ratio of 24.71, a P/E/G ratio of 1.09 and a beta of 0.20. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04. WSP Global has a 12 month low of C$156.64 and a 12 month high of C$291.46. The company has a 50 day simple moving average of C$177.89 and a 200-day simple moving average of C$211.38.

WSP Global Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on WSP. Desjardins set a C$372.00 target price on shares of WSP Global and gave the stock a “buy” rating in a research report on Thursday, July 16th. TD reduced their price target on WSP Global from C$307.00 to C$255.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. BMO Capital Markets decreased their price target on WSP Global from C$278.00 to C$272.00 in a research note on Tuesday, July 14th. Canaccord Genuity Group lowered their price objective on WSP Global from C$345.00 to C$315.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Stifel Nicolaus cut their price objective on WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat.com, WSP Global presently has a consensus rating of “Buy” and a consensus target price of C$296.17.

Insider Transactions at WSP Global

In other news, Director Pascale Sourisse purchased 364 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was bought at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the completion of the acquisition, the director directly owned 888 shares of the company’s stock, valued at approximately C$152,753.76. The trade was a 69.47% increase in their ownership of the stock. 0.06% of the stock is owned by company 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).