Q2 2017 Earnings Estimate for WestJet Airlines Ltd. (WJA) Issued By Cormark
WestJet Airlines Ltd. (TSE:WJA) – Equities researchers at Cormark lifted their Q2 2017 earnings estimates for WestJet Airlines in a research report issued on Thursday. Cormark analyst D. Tyerman now expects that the company will post earnings of $0.29 per share for the quarter, up from their prior estimate of $0.23. Cormark also issued estimates for WestJet Airlines’ Q3 2017 earnings at $1.04 EPS, Q4 2017 earnings at $0.59 EPS, FY2017 earnings at $2.32 EPS, Q1 2018 earnings at $0.67 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $0.50 EPS and FY2018 earnings at $2.39 EPS.
A number of other equities analysts have also recently issued reports on the company. Beacon Securities raised WestJet Airlines from a “hold” rating to a “buy” rating and upped their target price for the stock from C$22.50 to C$28.50 in a report on Thursday. National Bank Financial reissued an “underperform” rating and issued a C$21.50 price target on shares of WestJet Airlines in a research note on Thursday, June 29th. BMO Capital Markets reissued a “market perform” rating and issued a C$25.00 price target on shares of WestJet Airlines in a research note on Monday, June 26th. Macquarie cut WestJet Airlines from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 16th. Finally, Scotiabank set a C$25.00 price target on WestJet Airlines and gave the company an “outperform” rating in a research note on Thursday, May 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. WestJet Airlines has a consensus rating of “Hold” and an average price target of C$24.58.
WestJet Airlines (TSE WJA) opened at 25.23 on Friday. The company has a market cap of $2.96 billion and a PE ratio of 11.74. The company has a 50-day moving average price of $22.69 and a 200 day moving average price of $22.66. WestJet Airlines has a 12-month low of $20.52 and a 12-month high of $25.45.
In related news, insider Robert Cummings sold 1,200 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of C$23.13, for a total transaction of C$27,756.00. Also, Director L. Jacques Menard bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were acquired at an average price of C$22.38 per share, for a total transaction of C$111,900.00. In the last 90 days, insiders have purchased 30,000 shares of company stock worth $669,050.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 30th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, June 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.22%.
WestJet Airlines Company Profile
WestJet Airlines Ltd. is a Canada-based company, which provides airline service and travel packages. The Company operates WestJet Vacations, which provides air, hotel, car and excursion packages, and WestJet Encore, which is a regional airline that operates a fleet of turboprop aircraft in a network of destinations in Canada and the United States.
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