14:07:21 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



WSP Global Inc
Symbol WSP
Shares Issued 100,297,048
Close 2016-07-26 C$ 40.76
Market Cap C$ 4,088,107,676
Recent Sedar Documents

Inv Reporter says buy WSP Global

2016-07-26 20:42 ET - In the News

The Investment Reporter, in its July 15, 2016, issue, says buy WSP Global Inc., recently $39.52. The Reporter said buy five times from Jan. 13, 2012, to May 29, 2015, at prices ranging from $22.95 to $44.89. Assuming a $1,000 investment for each the five buys, the $5,000 position is now worth $6,797. The Montreal-based engineering consulting firm expects to expand on four fronts: revenue, profit, cash flow and hiring. First, WSP plans to hit $6-million in net revenue by the end of 2018, up by more than a third from $4,487-million in 2015. Second, the company wants to raise its profit margin to 11 per cent, up by 1.2 per cent from 9.8 per cent in 2015. Third, WSP is aiming to keep its cash flow equal to or over its net earnings. In 2015, its cash flow of $197-million was above net earnings of $189-million. Fourth, the company wants to add 11,000 employees to its existing 34,000-person work force. WSP is ambitious, but it has the numbers to back it up. In 2016, it is expected to earn $2.48 a share, up from $1.87 a share in 2015. In 2017, it is expected to earn $2.80 a share. It pays a $1.50 dividend, which yields an attractive 3.8 per cent. WSP also offers a dividend reinvestment plan. Buy.

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