|Bid||86.05 x 0|
|Ask||86.06 x 0|
|Day's Range||86.00 - 86.68|
|52 Week Range||56.09 - 87.87|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||31.38|
|Earnings Date||Nov. 6, 2019|
|Forward Dividend & Yield||1.50 (1.74%)|
|1y Target Est||89.08|
MONTREAL, Nov. 20, 2019 -- WSP Global Inc. (TSX:WSP) (“WSP”) is pleased to announce that it has acquired Elton Consulting Group Pty Ltd (“Elton Consulting”), a 115-employee.
MONTREAL — WSP Global Inc. missed expectations even though its net earnings increased 6.6 per cent to $93.7 million in the third quarter on higher revenues.The Montreal-based engineering consultancy earned 89 cents per diluted share, up from 84 cents per share or $87.9 million a year earlier.Adjusted net earnings were $99.8 million or 95 cents per share, up from $99.3 million or 95 cents per share in the prior year.Net revenues for the period ended Sept. 28 climbed 15.3 per cent to $1.69 billion, up from $1.47 billion in the third quarter of 2018.WSP was expected to earn $1.10 per share in adjusted profits on $1.7 billion of revenues, according to financial markets data firm Refinitiv.Chief executive Alexandre L’Heureux said the company expects its net revenues and adjusted EBITDA to reach the high end of its guidance for the full year.The company also announced that Alain Michaud has been appointed chief financial officer, replacing Bruno Roy who is leaving next March after three years on the job.Derek Spronck of RBC Dominion Securities Inc. described the results as strong and underpinned by "healthy organic trends" of 4.4 per cent that will generate free cash flow to fund new acquisitions."We note WSP's strategic playbook is well defined and proven, and as such, we see today's results as confirmation that positive underlying operational and financial momentum continues to accelerate."This report by The Canadian Press was first published Nov. 5, 2019.Companies in this story: (TSX:WSP)The Canadian Press
MONTREAL, Nov. 05, 2019 -- WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) today announced financial and operating results for the third quarter of fiscal 2019, which.
WSP Global Inc (TSX:WSP) and Aecon Group Inc (TSX:ARE) are two attractive and less-risky alternatives in the engineering and construction space.
MONTREAL, Oct. 16, 2019 -- WSP Global Inc. (TSX: WSP) ("WSP" or the "Corporation") will publish its 2019 third quarter results on November 5, 2019 after market close..
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