FY2018 EPS Estimates for WestJet Airlines Ltd. Cut by Analyst (WJA)

WestJet Airlines Ltd. (TSE:WJA) – Investment analysts at National Bank Financial lowered their FY2018 EPS estimates for shares of WestJet Airlines in a research note issued on Tuesday. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $2.55 per share for the year, down from their prior forecast of $2.58. National Bank Financial currently has a “Outperform” rating and a $30.00 target price on the stock. National Bank Financial also issued estimates for WestJet Airlines’ FY2019 earnings at $3.29 EPS.

Several other research analysts have also weighed in on WJA. AltaCorp Capital upgraded shares of WestJet Airlines from an “underperform” rating to a “sector perform” rating in a research note on Wednesday. CIBC lifted their price objective on shares of WestJet Airlines from C$29.00 to C$30.00 in a research note on Thursday, January 4th. Canaccord Genuity lifted their price objective on shares of WestJet Airlines from C$27.50 to C$28.00 in a research note on Thursday, October 12th. TD Securities dropped their price objective on shares of WestJet Airlines from C$31.00 to C$30.00 and set a “hold” rating on the stock in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada lifted their price objective on shares of WestJet Airlines from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. WestJet Airlines presently has a consensus rating of “Hold” and an average price target of C$28.38.

Shares of WestJet Airlines (TSE WJA) traded down C$0.41 during midday trading on Thursday, reaching C$24.05. 155,353 shares of the company were exchanged, compared to its average volume of 386,338. WestJet Airlines has a 12-month low of C$21.22 and a 12-month high of C$28.00. The firm has a market cap of $2,790.00, a PE ratio of 9.75 and a beta of 0.62.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 14th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 2.33%. WestJet Airlines’s dividend payout ratio is currently 22.67%.

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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.

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

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