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%.

WJA has been the subject of a number of other research reports. Beacon Securities lowered WestJet Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. CIBC boosted their target price on WestJet Airlines from C$29.00 to C$30.00 in a research note on Thursday, January 4th. Scotiabank boosted their target price on WestJet Airlines from C$29.50 to C$31.00 and gave the company an “outperform” rating in a research note on Thursday, December 7th. Raymond James Financial raised WestJet Airlines from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$28.00 to C$31.00 in a research note on Friday, January 12th. Finally, JPMorgan Chase & Co. boosted their target price on WestJet Airlines from C$27.00 to C$30.00 in a research note on Friday, December 8th. Two 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. The company currently has a consensus rating of “Hold” and an average price target of C$28.38.

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.

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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.

Earnings History and Estimates for WestJet Airlines (TSE:WJA)

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