FY2017 Earnings Forecast for Cathay Pacific Airways Ltd. Issued By Jefferies Group (CPCAY)
Cathay Pacific Airways Ltd. (OTC:CPCAY) – Analysts at Jefferies Group upped their FY2017 earnings per share estimates for Cathay Pacific Airways in a report released on Wednesday. Jefferies Group analyst A. Lee now anticipates that the company will post earnings of ($0.41) per share for the year, up from their prior estimate of ($0.43). Jefferies Group also issued estimates for Cathay Pacific Airways’ FY2018 earnings at $0.10 EPS and FY2019 earnings at $0.52 EPS.
Separately, Goldman Sachs Group, Inc. (The) raised shares of Cathay Pacific Airways from a “neutral” rating to a “buy” rating in a research report on Friday, August 18th.
Cathay Pacific Airways (OTC CPCAY) opened at 7.44 on Friday. Cathay Pacific Airways has a 12-month low of $6.36 and a 12-month high of $8.15. The company’s market cap is $5.85 billion. The firm has a 50 day moving average price of $7.57 and a 200 day moving average price of $7.46.
About Cathay Pacific Airways
Cathay Pacific Airways Limited is a Hong Kong-based investment holding company principally engaged in airline and related businesses. The Company operates its businesses through two segments. The Airline segment is engaged in passenger transport and cargo transport. The Non-airline segment is engaged in the provision of catering, ground handling and aircraft ramp handling services, as well as cargo terminals operation.
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