Raymond James Financial Brokers Lower Earnings Estimates for WSP Global Inc (WSP)
WSP Global Inc (TSE:WSP) – Analysts at Raymond James Financial lowered their FY2016 EPS estimates for shares of WSP Global in a report released on Tuesday. Raymond James Financial analyst F. Bastien now expects that the firm will earn $2.15 per share for the year, down from their previous estimate of $2.22. Raymond James Financial also issued estimates for WSP Global’s Q4 2016 earnings at $0.59 EPS, Q1 2017 earnings at $0.30 EPS, Q2 2017 earnings at $0.67 EPS, Q3 2017 earnings at $0.79 EPS, Q4 2017 earnings at $0.78 EPS and FY2017 earnings at $2.55 EPS.
A number of other equities research analysts also recently issued reports on the stock. TD Securities boosted their price target on shares of WSP Global from C$49.00 to C$50.00 and gave the company a “buy” rating in a research note on Wednesday. Scotiabank restated an “outperform” rating and issued a C$48.00 price objective on shares of WSP Global in a report on Wednesday. CIBC lifted their price objective on shares of WSP Global from C$42.00 to C$44.00 in a report on Wednesday. Royal Bank Of Canada lifted their price objective on shares of WSP Global from C$45.00 to C$47.00 and gave the company an “old rating” rating in a report on Wednesday. Finally, BMO Capital Markets lifted their price objective on shares of WSP Global from C$41.50 to C$43.00 and gave the company a “market perform” rating in a report on Wednesday, September 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$46.23.
WSP Global (TSE:WSP) opened at 46.45 on Friday. WSP Global has a 12-month low of $35.11 and a 12-month high of $46.75. The stock has a market cap of $4.68 billion and a PE ratio of 29.47. The firm has a 50 day moving average of $42.16 and a 200-day moving average of $41.60.
The business also recently announced a quarterly dividend, which was paid on Saturday, October 15th. Stockholders of record on Saturday, October 15th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Wednesday, September 28th.
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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