WSP Global Inc. (TSE:WSP) Announces $0.38 Quarterly Dividend

WSP Global Inc. (TSE:WSP) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Sunday, June 30th will be given a dividend of 0.375 per share on Monday, July 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th.

WSP Global Stock Performance

WSP stock traded up C$1.26 during trading on Friday, reaching C$216.88. The company had a trading volume of 19,144 shares, compared to its average volume of 161,169. The firm has a 50-day simple moving average of C$218.18 and a 200-day simple moving average of C$200.69. The company has a market cap of C$27.04 billion, a price-to-earnings ratio of 48.89, a price-to-earnings-growth ratio of 1.09 and a beta of 0.81. The company has a debt-to-equity ratio of 67.33, a quick ratio of 1.04 and a current ratio of 1.15. WSP Global has a twelve month low of C$166.75 and a twelve month high of C$230.98.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, February 28th. The company reported C$1.99 EPS for the quarter, topping analysts’ consensus estimates of C$1.91 by C$0.08. The company had revenue of C$3.72 billion during the quarter, compared to analysts’ expectations of C$2.81 billion. WSP Global had a net margin of 3.81% and a return on equity of 8.96%. As a group, sell-side analysts expect that WSP Global will post 7.8118923 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. ATB Capital lifted their target price on shares of WSP Global from C$210.00 to C$220.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. Royal Bank of Canada raised their price target on shares of WSP Global from C$212.00 to C$237.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. National Bankshares raised their price target on shares of WSP Global from C$212.00 to C$234.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. TD Securities raised their price target on shares of WSP Global from C$220.00 to C$255.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, CIBC raised their price target on shares of WSP Global from C$234.00 to C$239.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$236.92.

About WSP Global

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.