Equities Analysts Set Expectations for WSP Global’s Q1 2018 Earnings (TSE:WSP)

WSP Global (TSE:WSP) – Investment analysts at Desjardins issued their Q1 2018 EPS estimates for WSP Global in a research note issued on Friday, March 16th, Zacks Investment Research reports. Desjardins analyst B. Poirier forecasts that the company will earn $0.63 per share for the quarter. Desjardins has a “Buy” rating and a $66.00 price target on the stock. Desjardins also issued estimates for WSP Global’s Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $1.02 EPS, Q4 2018 earnings at $0.87 EPS and FY2018 earnings at $3.45 EPS.

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WSP Global (TSE:WSP) last posted its quarterly earnings results on Thursday, March 15th. The company reported C$0.38 earnings per share (EPS) for the quarter. WSP Global had a return on equity of 9.97% and a net margin of 4.44%. The company had revenue of C$1.48 billion for the quarter, compared to analysts’ expectations of C$1.40 billion.

Other analysts also recently issued reports about the stock. AltaCorp Capital reissued a “sector perform” rating on shares of WSP Global in a research note on Friday, March 16th. Scotiabank boosted their target price on shares of WSP Global from C$62.00 to C$64.00 and gave the company an “outperform” rating in a research note on Friday, March 16th. Canaccord Genuity boosted their target price on shares of WSP Global from C$61.00 to C$62.00 in a research note on Friday, March 16th. National Bank Financial boosted their target price on shares of WSP Global from C$56.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, March 16th. Finally, TD Securities boosted their target price on shares of WSP Global from C$67.00 to C$70.00 and gave the company a “buy” rating in a research note on Friday, March 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$64.25.

TSE:WSP traded up C$2.08 during trading hours on Monday, hitting C$60.88. 207,985 shares of the stock traded hands, compared to its average volume of 165,239. WSP Global has a fifty-two week low of C$47.36 and a fifty-two week high of C$62.59.

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Sunday, April 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Wednesday, March 28th.

In related news, Director Birgit Norgaard purchased 500 shares of the stock in a transaction dated Wednesday, March 21st. The shares were acquired at an average cost of C$60.76 per share, for a total transaction of C$30,380.00.

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WSP Global Company Profile

WSP Global Inc operates as a professional services company in the United States, Canada, the United Kingdom, Sweden, and internationally. The company's Property & Buildings segment provides technical and management consultancy services, such as structural and mechanical, electrical, and plumbing engineering; and a range of specialist services, including fire engineering, lighting design, vertical transportation, acoustics, intelligent building systems, audiovisual systems, information technology, façade engineering, and green building design.

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