Q1 2018 Earnings Forecast for WestJet Airlines Ltd. Issued By Cormark (WJA)
WestJet Airlines Ltd. (TSE:WJA) – Equities researchers at Cormark boosted their Q1 2018 EPS estimates for shares of WestJet Airlines in a report issued on Thursday. Cormark analyst D. Tyerman now expects that the company will earn $0.71 per share for the quarter, up from their prior estimate of $0.69. Cormark also issued estimates for WestJet Airlines’ Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $1.11 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $2.85 EPS, FY2019 earnings at $3.54 EPS, FY2020 earnings at $4.16 EPS and FY2021 earnings at $4.77 EPS.
WJA has been the topic of several other reports. Scotiabank boosted their price objective on shares of WestJet Airlines from C$28.25 to C$29.50 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a C$27.00 price target on shares of WestJet Airlines in a research note on Monday, November 13th. CIBC upped their price target on shares of WestJet Airlines from C$27.00 to C$29.50 in a research note on Friday, October 13th. Canaccord Genuity upped their price target on shares of WestJet Airlines from C$27.50 to C$28.00 in a research note on Thursday, October 12th. Finally, Royal Bank of Canada upped their price target on shares of WestJet Airlines from C$28.00 to C$30.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$27.63.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 29th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.06%. WestJet Airlines’s dividend payout ratio is presently 22.67%.
In other WestJet Airlines news, Director Karen Sheriff acquired 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were acquired 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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