FY2017 Earnings Estimate for WestJet Airlines Ltd. (TSE:WJA) Issued By Beacon Securities
WestJet Airlines Ltd. (TSE:WJA) – Equities researchers at Beacon Securities lifted their FY2017 earnings estimates for WestJet Airlines in a research note issued to investors on Wednesday. Beacon Securities analyst A. Shaath now anticipates that the company will earn $2.58 per share for the year, up from their previous forecast of $2.24. Beacon Securities currently has a “Buy” rating and a $28.50 target price on the stock. Beacon Securities also issued estimates for WestJet Airlines’ FY2018 earnings at $3.19 EPS.
A number of other equities research analysts also recently issued reports on WJA. Raymond James Financial, Inc. reissued a “market perform” rating and issued a C$24.50 price target on shares of WestJet Airlines in a report on Monday, April 17th. CIBC lowered their target price on shares of WestJet Airlines from C$25.00 to C$24.00 in a research note on Wednesday, May 3rd. Scotiabank reaffirmed a “sector perform” rating and issued a C$28.00 target price on shares of WestJet Airlines in a research note on Wednesday, May 3rd. TD Securities reaffirmed a “buy” rating and issued a C$28.00 target price (up from C$24.00) on shares of WestJet Airlines in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada raised their target price on shares of WestJet Airlines from C$27.00 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$25.63.
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In other WestJet Airlines news, Director L. Jacques Menard purchased 5,000 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were purchased at an average cost of C$22.68 per share, with a total value of C$113,400.00. Also, insider Marshall Wilmot sold 3,368 shares of WestJet Airlines stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of C$25.33, for a total transaction of C$85,311.44. Insiders have acquired 25,000 shares of company stock worth $557,150 over the last three months.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, September 12th.
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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