WestJet Airlines Ltd. to Post FY2017 Earnings of $2.39 Per Share, National Bank Financial Forecasts (WJA)
WestJet Airlines Ltd. (TSE:WJA) – Equities research analysts at National Bank Financial lowered their FY2017 earnings per share (EPS) estimates for WestJet Airlines in a research note issued to investors on Sunday. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $2.39 per share for the year, down from their previous forecast of $2.43. National Bank Financial currently has a “Sector Perform” rating and a $30.00 price target on the stock. National Bank Financial also issued estimates for WestJet Airlines’ FY2018 earnings at $2.58 EPS.
WestJet Airlines (TSE:WJA) last posted its quarterly earnings data on Tuesday, October 31st. The company reported C$1.18 earnings per share (EPS) 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%.
WestJet Airlines (TSE WJA) opened at C$25.15 on Wednesday. WestJet Airlines has a fifty-two week low of C$21.03 and a fifty-two week high of C$28.00. The stock has a market capitalization of $2,900.00, a PE ratio of 10.18 and a beta of 0.76.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 29th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Tuesday, December 12th. WestJet Airlines’s payout ratio is 22.67%.
In other WestJet Airlines news, Director Karen Sheriff purchased 4,000 shares of the 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.
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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