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

WSP Global (TSE:WSP) is set to announce its earnings results 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 posted its earnings results on Wednesday, May 8th. The company reported C$1.55 EPS for the quarter, beating the consensus estimate of C$1.48 by C$0.07. WSP Global had a return on equity of 9.05% and a net margin of 3.88%. The company had revenue of C$2.79 billion for the quarter, compared to the consensus estimate of C$2.76 billion.

WSP Global Price Performance

WSP Global stock 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 stock’s 50 day moving average is C$212.49 and its 200-day moving average is C$211.41. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 70.90. The company has a market capitalization of C$28.52 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WSP shares. Stifel Nicolaus cut their price target on WSP Global from C$245.00 to C$235.00 in a research note on Friday, May 10th. Royal Bank of Canada upped their target price on WSP Global from C$237.00 to C$245.00 in a research note on Friday, May 10th. BMO Capital Markets upped their target price on WSP Global from C$248.00 to C$249.00 in a research note on Wednesday, July 24th. Finally, Scotiabank upped their target price on WSP Global from C$239.00 to C$241.00 in a research note on Friday, May 10th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$237.17.

Insiders Place Their Bets

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

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.