Q3 2016 EPS Estimates for WSP Global Inc (WSP) Lowered by Analyst
WSP Global Inc (TSE:WSP) – Equities research analysts at Desjardins reduced their Q3 2016 earnings per share estimates for WSP Global in a report issued on Wednesday. Desjardins analyst B. Poirier now forecasts that the brokerage will earn $0.79 per share for the quarter, down from their prior estimate of $0.81. Desjardins also issued estimates for WSP Global’s Q4 2016 earnings at $0.74 EPS, FY2016 earnings at $2.70 EPS and FY2017 earnings at $2.83 EPS.
A number of other research firms also recently commented on WSP. Canaccord Genuity upped their price objective on WSP Global from C$44.00 to C$45.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Scotiabank restated an “outperform” rating and issued a C$46.00 price target on shares of WSP Global in a report on Tuesday, October 4th. TD Securities restated a “buy” rating and issued a C$49.00 price target on shares of WSP Global in a report on Thursday, August 4th. BMO Capital Markets increased their price target on WSP Global from C$41.50 to C$43.00 and gave the stock a “market perform” rating in a report on Wednesday, September 21st. Finally, CIBC lowered their price target on WSP Global from C$45.00 to C$42.00 in a report on Wednesday, June 29th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$45.59.
Shares of WSP Global (TSE:WSP) opened at 40.93 on Friday. WSP Global has a one year low of $35.11 and a one year high of $49.18. The firm has a market capitalization of $4.13 billion and a price-to-earnings ratio of 27.58. The stock’s 50 day moving average price is $42.13 and its 200 day moving average price is $41.08.
The business also recently declared a quarterly dividend, which was paid on Saturday, October 15th. Investors of record on Saturday, October 15th were given a dividend of $0.375 per share. The ex-dividend date was Wednesday, September 28th. This represents a $1.50 annualized dividend and a yield of 3.66%.
About WSP Global
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.
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