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Highlights
- Stocks of Linamar Corporation (TSX:LNR) and WSP Global (TSX:WSP) seem to be gaining investors’ attention on the Canadian markets.
- Notably, both of the TSX-listed companies announced their fourth-quarter and full-year results on Wednesday, March 9.
- Following the latest earnings report, Linamar stocks were trading about one per cent lower at C$ 51.2 apiece at 10:35AM EST on Thursday, March 10.
- WSP saw its stocks trading at C$ 167.7 apiece on Thursday morning (10:35AM EST), up by almost two per cent
Stocks of Linamar Corporation (TSX:LNR) and WSP Global (TSX:WSP) seem to be gaining investors’ attention on the Canadian markets.
Notably, both of the TSX-listed companies announced their fourth-quarter and full-year results on Wednesday, March 9.
Let us glance at how these two companies are performing.
Linamar Corporation (TSX: LNR)
Linamar Corporation reported C$ 1.53 billion in sales in the fourth quarter of fiscal 2021, down from C$ 1.7 billion in Q4 2020. However, the company saw its full-year sales surge to C$ 6.53 billion in 2021 compared to C$ 5.81 billion in 2020.
The vehicles and parts manufacturer posted a net profit of C$ 50.2 million in the latest quarter, which was a decline from C$ 113.1 million earned a year ago. Its yearly profit, on the other hand, increased from C$ 279.1 million in 2020 to C$ 420.6 million in FY2021.
The C$ 3-billion market cap company is also set to pay a quarterly dividend of C$ 0.20 apiece, due for payment on or after April 19.
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WSP Global Inc (TSX: WSP)
WSP Global increased its revenues by 28.6 per cent year-over-year (YoY) to C$ 2.89 billion in Q4 FY2021, taking its yearly revenue to C$ 10.27 billion.
The construction firm saw its fourth-quarter net income surge by 83.9 per cent YoY to C$ 126.7 million in 2021. The C$ 19-billion market cap firm’s annual net income also rose to C$ 473.6 million in FY 2021, up from C$ 276 million in FY 2020.
Bottomline
Following the latest earnings report, Linamar stocks were trading about one per cent lower at C$ 51.2 apiece at 10:35AM EST on Thursday, March 10. LNR stocks have also plunged by nearly 18 per cent in the last one week.
WSP, which is set to pay C$ 0.375 per share as a quarterly dividend on April 15, saw its stocks trading at C$ 167.7 apiece on Thursday morning (10:35AM EST), up by almost two per cent. The construction scrip was also up by over 40 per cent in the last one year.
Investors should carefully examine a company’s financial aspects and growth over the past years to evaluate its growth prospective before making any investment call.
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