FY2018 EPS Estimates for WestJet Airlines Ltd. Reduced by Beacon Securities (WJA)
WestJet Airlines Ltd. (TSE:WJA) – Equities researchers at Beacon Securities dropped their FY2018 earnings estimates for WestJet Airlines in a note issued to investors on Tuesday. Beacon Securities analyst A. Shaath now anticipates that the company will earn $2.69 per share for the year, down from their previous estimate of $3.11. Beacon Securities currently has a “Hold” rating on the stock.
WJA has been the subject of several 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 raised their target price on WestJet Airlines from C$29.00 to C$30.00 in a report on Thursday, January 4th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a C$27.00 target price on shares of WestJet Airlines in a report on Monday, November 13th. Raymond James Financial raised WestJet Airlines from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$28.00 to C$31.00 in a report on Friday, January 12th. Finally, Royal Bank of Canada raised their target price on WestJet Airlines from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$28.86.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, March 14th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Tuesday, March 13th. WestJet Airlines’s dividend payout ratio is currently 23.14%.
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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