Equities Analysts Issue Forecasts for WSP Global Inc’s Q4 2017 Earnings (WSP)

WSP Global Inc (TSE:WSP) – Research analysts at Desjardins lowered their Q4 2017 earnings per share (EPS) estimates for shares of WSP Global in a note issued to investors on Thursday. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $0.75 for the quarter, down from their prior forecast of $0.76.

A number of other analysts have also recently weighed in on the stock. TD Securities raised their price target on shares of WSP Global from C$58.00 to C$59.00 and gave the company a “buy” rating in a report on Thursday. National Bank Financial cut shares of WSP Global from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Wednesday, July 12th. Canaccord Genuity cut shares of WSP Global from a “buy” rating to a “hold” rating in a report on Monday, July 17th. CIBC raised their price target on shares of WSP Global from C$51.00 to C$54.00 in a report on Monday, July 10th. Finally, Raymond James Financial, Inc. raised their price target on shares of WSP Global from C$55.00 to C$56.00 and gave the company a “strong-buy” rating in a report on Friday, May 12th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$53.25.

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Shares of WSP Global (WSP) traded up 0.31% during midday trading on Friday, reaching $48.96. 116,538 shares of the company’s stock were exchanged. WSP Global has a 12-month low of $40.50 and a 12-month high of $55.04. The stock has a market cap of $5.01 billion and a PE ratio of 22.71. The stock’s 50 day moving average is $51.86 and its 200-day moving average is $49.14.

The company also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Saturday, July 15th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Wednesday, June 28th.

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.

Earnings History and Estimates for WSP Global (TSE:WSP)

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