Cormark Brokers Raise Earnings Estimates for WestJet Airlines Ltd. (WJA)
WestJet Airlines Ltd. (TSE:WJA) – Stock analysts at Cormark increased their Q1 2018 earnings per share estimates for shares of WestJet Airlines in a report issued on Thursday. Cormark analyst D. Tyerman now anticipates that the company will post earnings per share of $0.71 for the quarter, up from their prior estimate of $0.69. Cormark also issued estimates for WestJet Airlines’ Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $1.11 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $2.85 EPS, FY2019 earnings at $3.54 EPS, FY2020 earnings at $4.16 EPS and FY2021 earnings at $4.77 EPS.
Several other equities analysts have also recently issued reports on the company. Scotiabank boosted their price objective on WestJet Airlines from C$28.25 to C$29.50 and gave the company an “outperform” rating in a report on Wednesday, November 1st. CIBC upped their price target on WestJet Airlines from C$27.00 to C$29.50 in a report on Friday, October 13th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a C$27.00 price target on shares of WestJet Airlines in a report on Monday, November 13th. Beacon Securities cut WestJet Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, National Bank Financial upped their price target on WestJet Airlines from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. WestJet Airlines has a consensus rating of “Hold” and an average target price of C$27.63.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, December 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.04%. WestJet Airlines’s payout ratio is currently 22.67%.
In other news, Director Karen Sheriff bought 4,000 shares of WestJet Airlines stock in a transaction on Thursday, November 2nd. The stock was acquired at an average price of C$25.55 per share, with a total value of C$102,200.00.
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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.
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