Q4 2017 Earnings Forecast for WestJet Airlines Ltd. Issued By National Bank Financial (WJA)
WestJet Airlines Ltd. (TSE:WJA) – Stock analysts at National Bank Financial decreased their Q4 2017 earnings per share estimates for WestJet Airlines in a research note issued on Sunday. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $0.40 per share for the quarter, down from their prior estimate of $0.44. National Bank Financial currently has a “Sector Perform” rating and a $30.00 target price on the stock. National Bank Financial also issued estimates for WestJet Airlines’ FY2019 earnings at $3.25 EPS.
WJA has been the subject of a number of other reports. Scotiabank increased their price target on WestJet Airlines from C$28.25 to C$29.50 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. CIBC increased their price target on WestJet Airlines from C$29.00 to C$30.00 in a report on Thursday, January 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a C$27.00 price target on shares of WestJet Airlines in a report on Monday, November 13th. Raymond James Financial upgraded WestJet Airlines from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$28.00 to C$31.00 in a report on Friday. Finally, Canaccord Genuity increased their price target on WestJet Airlines from C$27.50 to C$28.00 in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. WestJet Airlines presently has a consensus rating of “Hold” and a consensus price target of C$28.38.
WestJet Airlines (TSE:WJA) last released its quarterly earnings results on Tuesday, October 31st. The company reported C$1.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.17 by C$0.01. WestJet Airlines had a return on equity of 9.19% and a net margin of 4.58%.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 29th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Tuesday, December 12th. WestJet Airlines’s dividend payout ratio (DPR) is 22.67%.
In other news, Director Karen Sheriff bought 4,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was bought at an average cost of C$25.55 per share, for a total transaction of C$102,200.00.
WestJet Airlines Company Profile
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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