WSP Global Inc (TSE:WSP) Expected to Post Q4 2019 Earnings of $0.94 Per Share

WSP Global Inc (TSE:WSP) – Stock analysts at Desjardins increased their Q4 2019 earnings estimates for WSP Global in a research note issued to investors on Thursday, November 7th. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $0.94 per share for the quarter, up from their prior estimate of $0.92.

A number of other research analysts have also recently commented on the company. Raymond James reaffirmed an “outperform” rating and set a C$90.00 price target on shares of WSP Global in a research report on Wednesday, November 6th. TD Securities upped their price target on WSP Global from C$86.00 to C$97.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Canaccord Genuity upped their price target on WSP Global from C$77.00 to C$88.00 in a research report on Thursday, November 7th. BMO Capital Markets upped their price target on WSP Global from C$76.00 to C$81.00 in a research report on Thursday, November 7th. Finally, National Bank Financial boosted their price objective on WSP Global from C$84.00 to C$92.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. WSP Global currently has an average rating of “Buy” and an average target price of C$88.72.

Shares of TSE WSP traded up C$0.34 during trading on Monday, reaching C$86.19. 126,123 shares of the stock traded hands, compared to its average volume of 156,440. WSP Global has a 52-week low of C$56.09 and a 52-week high of C$86.98. The company has a debt-to-equity ratio of 84.39, a current ratio of 1.26 and a quick ratio of 1.26. The company has a 50-day moving average of C$79.90 and a 200-day moving average of C$74.31. The stock has a market capitalization of $9.05 billion and a P/E ratio of 31.92.

In other WSP Global news, Director Pierre Shoiry sold 307,184 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$78.00, for a total value of C$23,960,352.00. Following the transaction, the director now directly owns 632,275 shares in the company, valued at approximately C$49,317,450. Also, Senior Officer David Langlois sold 2,217 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$85.68, for a total value of C$189,943.91. Following the completion of the transaction, the insider now owns 1,548 shares in the company, valued at C$132,626.60.

WSP Global Company Profile

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, Asia, New Zealand, and internationally. The company advises, plans, designs, and manages projects for rail transit, aviation, highway, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and partners.

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

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