Q3 2017 EPS Estimates for WestJet Airlines Ltd. Boosted by Analyst (WJA)
WestJet Airlines Ltd. (TSE:WJA) – Analysts at Cormark increased their Q3 2017 earnings per share (EPS) estimates for WestJet Airlines in a research note issued on Friday. Cormark analyst D. Tyerman now forecasts that the company will earn $1.25 per share for the quarter, up from their prior estimate of $1.16. Cormark also issued estimates for WestJet Airlines’ Q4 2017 earnings at $0.61 EPS, FY2017 earnings at $2.67 EPS, Q1 2018 earnings at $0.79 EPS, Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $1.21 EPS, Q4 2018 earnings at $0.71 EPS, FY2018 earnings at $3.22 EPS, FY2019 earnings at $3.82 EPS, FY2020 earnings at $4.32 EPS and FY2021 earnings at $4.91 EPS.
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Several other research firms have also issued reports on WJA. BMO Capital Markets reissued a “market perform” rating and set a C$25.00 target price on shares of WestJet Airlines in a report on Monday, June 26th. Scotiabank raised their price objective on WestJet Airlines from C$26.00 to C$27.50 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. National Bank Financial reaffirmed an “underperform” rating and issued a C$21.50 price objective on shares of WestJet Airlines in a research note on Thursday, June 29th. Macquarie lowered WestJet Airlines from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from C$25.00 to C$24.00 in a research note on Monday, July 17th. Finally, AltaCorp Capital lowered WestJet Airlines from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. WestJet Airlines currently has a consensus rating of “Hold” and an average target price of C$25.63.
WestJet Airlines (TSE WJA) opened at 27.04 on Monday. The company has a market capitalization of $3.17 billion and a PE ratio of 11.97. WestJet Airlines has a 12-month low of $20.52 and a 12-month high of $27.05. The company has a 50 day moving average price of $25.84 and a 200-day moving average price of $23.65.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Tuesday, September 12th.
In other news, insider Gregg Albert Saretsky sold 14,687 shares of WestJet Airlines stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of C$25.99, for a total transaction of C$381,715.13. Also, insider Marshall Wilmot sold 3,368 shares of WestJet Airlines stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of C$25.33, for a total value of C$85,311.44. Insiders have sold 18,355 shares of company stock worth $474,818 over the last three months.
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.
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