WSP.TO - WSP Global Inc.

Toronto - Toronto Delayed Price. Currency in CAD
78.74
+1.14 (+1.47%)
As of 12:30PM EDT. Market open.
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Previous Close77.60
Open78.05
Bid78.74 x 0
Ask78.79 x 0
Day's Range77.90 - 79.09
52 Week Range56.09 - 79.09
Volume98,976
Avg. Volume144,934
Market Cap8.272B
Beta (3Y Monthly)1.39
PE Ratio (TTM)29.16
EPS (TTM)2.70
Earnings DateNov. 6, 2019
Forward Dividend & Yield1.50 (1.93%)
Ex-Dividend Date2019-09-27
1y Target Est83.63
  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (16,415.16, down 7.52 points).Aurora Cannabis Inc. (TSX:ACB). Health care. Down 10 cents, 2.02 per cent, to $4.86 on 9.2 million shares.First Quantum Minerals Ltd. (TSX:FM). Materials. Up 55 cents, or 5.71 per cent, to $10.19 on 8.4 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Up eight cents, or 7.21 per cent, to $1.19 on 6.3 million shares.Algonquin Power & Utilities Corp. (TSX:AQN). Energy. Down 39 cents, or 2.11 per cent, to $18.06 on 5.3 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Down $1.37, or 5.75 per cent, to $22.44 on 5 million shares.Hexo Corp. (TSX:HEXO). Health care. Down 41 cents, or 10.9 per cent, to $3.35 on 4.9 million shares. Companies in the news:Tourmaline Oil Corp. (TSX:TOU). Up $1.61 or 15 per cent to $12.33. Tourmaline Oil Corp.'s creation of a hybrid royalty company to hold some of its energy assets spurred a buying rush for the company's stock on Friday, although its share prices remained well below their 52-week highs. Tourmaline announced Thursday after markets closed it will sell a royalty on its oil and gas lands in northern Alberta and B.C., along with interests in two of its 19 natural gas processing plants and other third-party revenues, to newly created Topaz Energy Corp. for $775 million in shares and cash. Topaz is to raise $150 million to $200 million via a private placement of shares with investors to fund the deal, with the result that Tourmaline will wind up with between 75 and 81 per cent of the shares and $135 million to $185 million in cash, depending on the success of the private placement.WSP Global Inc. (TSX:WSP). Up $1.32 to $77.60. WSP Global Inc. is extending its shopping spree with the purchase of Dutch consulting firm Lievense Holding B.V. — WSP's seventh acquisition this year — in an ongoing bid to overtake rival SNC-Lavalin Group Inc. The Montreal-based engineering company announced Friday it will pay an undisclosed amount for the deal through available cash and credit facilities. The 375-employee Lievense firm gives WSP a foothold in the Netherlands and tacks on between $47 million and $56 million in additional annual revenue, according to analyst estimates. WSP's 2018 net revenues were $6 billion.MTY Food Group Inc. (TSX:MTY). Down $5.50 or 8.7 per cent to $57.75. MTY Food Group Inc. shares dropped to their lowest level in months after the restaurant franchisor reported quarterly revenue and profit that came in below analyst estimates. MTY reported earlier that profit attributable to its shareholders in the third quarter was $22.9 million or 91 cents per share for the quarter ended Aug. 31. That was up from $22.1 million or 88 cents per share in its 2018 fiscal third quarter, but short of estimates. Analysts had estimated $1.02 per share of profit and $167.9 million of revenue, according to financial markets data firm Refinitiv. MTY's revenue rose to $163.6 million from $113.0 million while system sales generated by its restaurants were a record $1.08 billion, up 36 per cent from $789.9 million a year earlier. This report by The Canadian Press was first published Oct. 11, 2019.The Canadian Press

  • Baystreet

    Stocks in play: WSP Global Inc.

    Has acquired Lievense Holding B.V., a 375-employee Dutch multidisciplinary consulting firm. The acquisition, ...

  • WSP Global CEO says SNC-Lavalin scandal 'tainting' his firm, lowering valuation
    The Canadian Press

    WSP Global CEO says SNC-Lavalin scandal 'tainting' his firm, lowering valuation

    MONTREAL — The damage to scandal-plagued SNC-Lavalin Group Inc.'s brand is spilling over to that of rival engineering firm WSP Global Inc., its CEO says.Alexandre L’Heureux said Friday that SNC-Lavalin, which has seen its market value fall by more than 60 per cent since January amid a political scandal in Ottawa, reflects badly on the Canadian engineering sector and is weighing on WSP's stock price."It’s actually tainting us," L'Heureux told The Canadian Press. "When you’re comparing a good performer with less-than-stellar performers, it’s certainly having an impact on our valuation."L'Heureux isn't alone in his theory."Expensive? Think again," said Raymond James analyst Frederic Bastien in a note to investors Thursday. "It is our belief that in recent times, the misfortunes of other Canadian engineering firms have unreasonably dragged WSP's stock price."The company's market value sits at $8.18 billion, compared with $3.22 billion for SNC-Lavalin.L'Heureux was quick to dismiss any talk of a merger or takeover of SNC-Lavalin, whose chief financial officer and former CEO have previously outlined a "Plan B" that would see the company spin off assets ahead of a potential criminal conviction."They do a lot of construction and we don’t. We are an advisory firm, we’re an engineering firm; they are a contractor. And SNC plays in different markets than we do," L'Heureux said in a phone interview."Frankly we believe that actually it would not be good news for our WSP shareholders and employees to have SNC join our ranks," he said."Obviously it’s never good news when you have competitors who are going through a rough patch, and it’s certainly not what I’d wish on our competitors."On Friday, WSP extended its shopping spree with the purchase of Dutch consulting firm Lievense Holding B.V. — WSP's seventh acquisition this year — in a bid to overtake its rival down the street in Montreal.WSP announced it will pay an undisclosed amount for the deal through available cash and credit facilities.The 375-employee Lievense firm gives WSP a foothold in the Netherlands and tacks on between $47 million and $56 million in extra annual revenue, according to analyst estimates. WSP's 2018 revenues were $6.02 billion.The acquisition fits into its goal of rapid expansion over the next couple years. Once a boutique firm called Genivar, the 60-year-old company has swelled to about 50,000 employees from 31,700 at the end of 2014. It aims to eclipse SNC-Lavalin's roughly 50,000 employees with 65,000 workers by 2021, a goal for which WSP is "absolutely" on track, L'Heureux said.WSP shares rose more than 170 per cent per cent over the past six years — and 87 per cent since October 2016, when L'Heureux became CEO — to hover at around $76 this week.Its shares rose nearly two per cent or $1.32 to close at $77.60 on the Toronto Stock Exchange Friday.Though SNC rivals such as WSP and Aecon Group Inc. are poised to gain from the retreating giant, the group of companies also compliment each other with major project partnerships — ground that might otherwise be ceded to foreign competitors.WSP's other acquisitions this year include the Danish Orbicon A/S — a 500-employee environmental consulting firm — last month and, in August, U.S.-based Ecology and Environment Inc., a 775-employee environmental consulting firm it bought for US$65.1 million.Earlier in 2019 WSP bought U.S.-based health-care engineering firm Leach Wallace Associates Inc., U.K. consultancy Indigo Planning Ltd., French geotechnical company Sepia and Swiss engineering firm Todt, Gmur + Partner AG.Thanks in part to a string of recent purchases, the company now counts 16,000 employees in Europe and between 18,000 and 19,000 in North America, WSP said.Hurdles for WSP and other engineering players remain in Ontario, where spending on public transit, infrastructure and water projects has slowed."The backlog of projects in Ontario, this is obviously creating a real slowdown in the province," L'Heureux said, pointing to a "difficult" few months following Progressive Conservative Premier Doug Ford's election in June 2018.National Bank of Canada analyst Maxim Sytchev said in an investor note last month that "other players" have uniformly expressed short-term concerns due to an apparent pause in spending in Ontario partially attributable to a change in provincial government."In April, Prime Minister Justin Trudeau accused Ontario's Progressive Conservative government of dragging its feet on vital infrastructure spending, saying the indecision endangered work for the summer construction season.Premier Doug Ford announced a $28.5-billion plan for four transit projects in the Toronto area last spring, but said the province would only cover $11.2 billion of those costs with Ottawa expected to pitch in for a share. This report by The Canadian Press was first published Oct. 11, 2019.Companies in this story: (TSX:WSP, TSX:SNC)Christopher Reynolds, The Canadian Press

  • GlobeNewswire

    WSP Acquires Lievense, a Netherlands-Based Multidisciplinary Consulting Firm

    WSP Global Inc. (WSP.TO) (“WSP”) is pleased to announce that it has acquired Lievense Holding B.V. (“Lievense”), a 375-employee Dutch multidisciplinary consulting firm. Lievense, which will enable WSP to establish a footprint in the Dutch market, ranks amongst the top-15 engineering consultancy firms within the Netherlands. “This transaction, which fits in our development strategy, enables us to establish a presence in the Netherlands, while strengthening our leadership in Europe where, including the UK and Ireland, we now are 16,000 people strong.

  • Here's Why WSP Global (TSE:WSP) Can Manage Its Debt Responsibly
    Simply Wall St.

    Here's Why WSP Global (TSE:WSP) Can Manage Its Debt Responsibly

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • GlobeNewswire

    WSP Makes an Executive Appointment in the United States

    WSP Global Inc. (WSP.TO) (“WSP” or the “Corporation”) is pleased to announce the appointment of Lewis P. Cornell, P.E., as President and Chief Executive Officer, USA, effective on October 15, 2019. “We are thrilled to welcome Lewis (Lou) to WSP and our Global Leadership Team. Having someone with his technical background and extensive industry experience, coupled with his proven track record, will help us continue to execute on our growth and client strategy in the United States,” said Alexandre L’Heureux, President and Chief Executive Officer of WSP.

  • Should You Buy WSP Global Inc. (TSE:WSP) For Its Upcoming Dividend In 3 Days?
    Simply Wall St.

    Should You Buy WSP Global Inc. (TSE:WSP) For Its Upcoming Dividend In 3 Days?

    Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

  • What Does WSP Global Inc.'s (TSE:WSP) Share Price Indicate?
    Simply Wall St.

    What Does WSP Global Inc.'s (TSE:WSP) Share Price Indicate?

    WSP Global Inc. (TSE:WSP), which is in the construction business, and is based in Canada, had a relatively subdued...

  • GlobeNewswire

    WSP Acquires Orbicon, a Denmark-Based Environment Consulting Firm

    WSP Global Inc. (WSP.TO) (“WSP”) is pleased to announce that it has acquired Orbicon A/S (“Orbicon”), a 500-employee Danish environmental consulting firm with additional offering in Supply & Infrastructure and Building. Orbicon, which generates approximately 75% of its revenues from environmental services, is one of the strongest brands in the environment industry in Denmark. The acquisition of Orbicon will bolster WSP’s presence in the Nordics (more particularly Denmark), while strengthening its Strategic Advisory Services offering in environment.

  • 2 Smart Ways to Capitalize on an Ageing Population
    The Motley Fool

    2 Smart Ways to Capitalize on an Ageing Population

    Chartwell Retirement Residences (TSX:CSH.UN) and one other stock could be just right for income investors.

  • GlobeNewswire

    WSP Enters Into a Definitive Agreement to Acquire Ecology and Environment Inc., a US-based Environmental Consulting Firm

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA. MONTREAL, Aug. 28, 2019 (GLOBE NEWSWIRE) -- WSP Global Inc. (WSP.TO) (“WSP”) announced that it has entered into a definitive merger agreement (the “Agreement”) in connection with its proposed acquisition (the “Acquisition”) of Ecology and Environment Inc. (EEI) (“E & E”), a US-headquartered environmental consulting firm which provides professional services to governments and private customers worldwide. E & E has approximately 775 employees, predominantly in offices across the United States, with an additional presence in Latin America.

  • CPP Climbs Past $400 Billion: Here’s What’s in it
    The Motley Fool

    CPP Climbs Past $400 Billion: Here’s What’s in it

    If WSP Global Inc. (TSX:WSP), Canadian Natural Resources Ltd (TSX:CNQ)(NYSE:CNQ), and Seven Generations Energy Inc. (TSX:VII) are among the CPP Investment Board’s top five stock holdings, then the stocks could be considered good investment prospects.

  • Does WSP Global Inc.’s (TSE:WSP) ROCE Reflect Well On The Business?
    Simply Wall St.

    Does WSP Global Inc.’s (TSE:WSP) ROCE Reflect Well On The Business?

    Today we are going to look at WSP Global Inc. (TSE:WSP) to see whether it might be an attractive investment prospect...

  • Thomson Reuters StreetEvents

    Edited Transcript of WSP.TO earnings conference call or presentation 8-Aug-19 8:00pm GMT

    Q2 2019 WSP Global Inc Earnings Call

  • Does WSP Global Inc.'s (TSE:WSP) 29% Earnings Growth Make It An Outperformer?
    Simply Wall St.

    Does WSP Global Inc.'s (TSE:WSP) 29% Earnings Growth Make It An Outperformer?

    When WSP Global Inc. (TSE:WSP) released its most recent earnings update (29 June 2019), I compared it against two...

  • GlobeNewswire

    WSP Reports Q2 2019 Results With a Good Performance of its Key Financial Metrics

    MONTREAL, Aug. 08, 2019 -- WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) today announced financial and operating results for the second quarter of fiscal 2019, which.

  • TFSA Investors: 3 High-Performing Industrial Stocks
    The Motley Fool

    TFSA Investors: 3 High-Performing Industrial Stocks

    Badger Daylighting Ltd (TSX:BAD) stock surged 66% in the past year, despite suffering a 26.5% loss in emergency response revenue.

  • GlobeNewswire

    WSP Announces Second Quarter 2019 Results Release Date

    MONTREAL, July 19, 2019 -- WSP Global Inc. (TSX: WSP) ("WSP" or the "Corporation") will announce its 2019 second quarter results on August 8, 2019. A conference call will be.

  • Retire Rich With These 2 Wealth-Building Stocks
    The Motley Fool

    Retire Rich With These 2 Wealth-Building Stocks

    Building wealth doesn't have to be complicated. Want to retire rich? Invest in stocks with high quality management teams and a healthy growth profile.

  • Is WSP Global Inc.'s (TSE:WSP) CEO Overpaid Relative To Its Peers?
    Simply Wall St.

    Is WSP Global Inc.'s (TSE:WSP) CEO Overpaid Relative To Its Peers?

    Alexandre L'Heureux became the CEO of WSP Global Inc. (TSE:WSP) in 2016. This analysis aims first to contrast CEO...

  • What Kind Of Shareholder Appears On The WSP Global Inc.'s (TSE:WSP) Shareholder Register?
    Simply Wall St.

    What Kind Of Shareholder Appears On The WSP Global Inc.'s (TSE:WSP) Shareholder Register?

    A look at the shareholders of WSP Global Inc. (TSE:WSP) can tell us which group is most powerful. Insiders often own a...