WestJet Airlines Ltd. (TSE:WJA) – Equities research analysts at Cormark lowered their Q2 2018 earnings estimates for WestJet Airlines in a report released on Wednesday. Cormark analyst D. Tyerman now expects that the company will post earnings per share of $0.34 for the quarter, down from their previous estimate of $0.41. Cormark also issued estimates for WestJet Airlines’ Q3 2018 earnings at $1.32 EPS, Q2 2019 earnings at $0.54 EPS and FY2022 earnings at $5.29 EPS.

Other research analysts have also recently issued research reports about the stock. National Bank Financial upgraded shares of WestJet Airlines from a “sector perform” rating to an “outperform” rating and set a C$30.00 price objective for the company in a report on Wednesday. TD Securities dropped their price objective on shares of WestJet Airlines from C$31.00 to C$30.00 and set a “hold” rating for the company in a report on Wednesday, November 1st. AltaCorp Capital upgraded shares of WestJet Airlines from an “underperform” rating to a “sector perform” rating in a report on Wednesday. Beacon Securities cut shares of WestJet Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of WestJet Airlines from C$27.00 to C$30.00 in a report on Friday, December 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. WestJet Airlines currently has a consensus rating of “Hold” and an average price target of C$28.86.

Shares of WestJet Airlines (WJA) traded up C$0.06 during mid-day trading on Thursday, hitting C$24.15. 37,025 shares of the company were exchanged, compared to its average volume of 382,910. The firm has a market capitalization of $2,750.00, a PE ratio of 9.98 and a beta of 0.62. WestJet Airlines has a 52-week low of C$21.53 and a 52-week high of C$28.00.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 14th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.32%. The ex-dividend date is Tuesday, March 13th. WestJet Airlines’s dividend payout ratio (DPR) is presently 23.14%.

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About WestJet Airlines

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.

Earnings History and Estimates for WestJet Airlines (TSE:WJA)

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