Brokers Issue Forecasts for WestJet Airlines Ltd.’s Q3 2017 Earnings (WJA)
WestJet Airlines Ltd. (TSE:WJA) – Analysts at National Bank Financial boosted their Q3 2017 EPS estimates for WestJet Airlines in a research note issued to investors on Thursday. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $1.14 per share for the quarter, up from their previous forecast of $1.09. National Bank Financial currently has a “Sector Perform” rating and a $29.00 target price on the stock. National Bank Financial also issued estimates for WestJet Airlines’ FY2017 earnings at $2.45 EPS and FY2018 earnings at $2.69 EPS.
WJA has been the subject of a number of other research reports. Beacon Securities raised WestJet Airlines from a “hold” rating to a “buy” rating and upped their price target for the stock from C$22.50 to C$28.50 in a research report on Thursday, July 13th. TD Securities upped their price target on WestJet Airlines from C$29.00 to C$31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada upped their price target on WestJet Airlines from C$25.00 to C$28.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. AltaCorp Capital downgraded WestJet Airlines from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, August 2nd. Finally, Macquarie downgraded WestJet Airlines from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from C$25.00 to C$24.00 in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. WestJet Airlines has an average rating of “Hold” and a consensus price target of C$26.50.
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WestJet Airlines (TSE WJA) opened at 27.48 on Monday. The company has a market cap of $3.22 billion and a price-to-earnings ratio of 12.16. The company’s 50-day moving average is $26.51 and its 200 day moving average is $24.31. WestJet Airlines has a 12 month low of $20.52 and a 12 month high of $27.77.
In related news, insider Gregg Albert Saretsky sold 14,687 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of C$25.99, for a total value of C$381,715.13. Also, insider Marshall Wilmot sold 3,368 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of C$25.33, for a total value of C$85,311.44. In the last three months, insiders sold 18,355 shares of company stock valued at $474,818.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Tuesday, September 12th.
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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