Equities Analysts Issue Forecasts for WestJet Airlines Ltd.’s Q4 2017 Earnings (TSE:WJA)
WestJet Airlines Ltd. (TSE:WJA) – Equities researchers at Cormark cut their Q4 2017 EPS estimates for WestJet Airlines in a research note issued to investors on Wednesday. Cormark analyst D. Tyerman now anticipates that the company will post earnings of $0.57 per share for the quarter, down from their prior forecast of $0.59. Cormark also issued estimates for WestJet Airlines’ Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $1.15 EPS, Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $3.02 EPS, FY2019 earnings at $3.60 EPS, FY2020 earnings at $4.10 EPS and FY2021 earnings at $4.66 EPS.
Several other equities analysts also recently weighed in on the company. National Bank Financial reiterated an “underperform” rating and set a C$21.50 target price on shares of WestJet Airlines in a research report on Thursday, June 29th. TD Securities reiterated a “buy” rating and set a C$28.00 target price (up from C$24.00) on shares of WestJet Airlines in a research report on Wednesday, May 3rd. Raymond James Financial, Inc. reiterated a “market perform” rating and set a C$24.50 target price on shares of WestJet Airlines in a research report on Monday, April 17th. Royal Bank Of Canada lifted their target price on WestJet Airlines from C$27.00 to C$29.00 and gave the company an “outperform” rating in a research report on Wednesday, May 3rd. Finally, Macquarie downgraded WestJet Airlines from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. WestJet Airlines presently has a consensus rating of “Hold” and an average target price of C$25.63.
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Shares of WestJet Airlines (TSE:WJA) traded up 0.43% during trading on Friday, reaching $25.74. The company’s stock had a trading volume of 142,532 shares. WestJet Airlines has a 12-month low of $20.52 and a 12-month high of $26.10. The company has a 50 day moving average of $23.92 and a 200 day moving average of $22.89. The company has a market cap of $3.02 billion and a PE ratio of 11.39.
In other news, insider Robert Cummings sold 1,200 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of C$23.13, for a total value of C$27,756.00. Also, Director L. Jacques Menard acquired 5,000 shares of the stock in a transaction dated Friday, May 12th. The stock was acquired at an average price of C$22.68 per share, for a total transaction of C$113,400.00. Insiders bought 30,000 shares of company stock worth $669,050 over the last 90 days.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.18%.
WestJet Airlines Company Profile
WestJet Airlines Ltd. provides scheduled airline services and travel packages. The company offers scheduled flights; operates WestJet Vacations that provides air, hotel, car, and excursion packages, as well as WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada and the United States; and provides cargo and charter services.
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