WestJet Airlines Ltd. (TSE:WJA) to Post FY2018 Earnings of $2.55 Per Share, National Bank Financial Forecasts

WestJet Airlines Ltd. (TSE:WJA) – National Bank Financial decreased their FY2018 earnings estimates for shares of WestJet Airlines in a report issued on Tuesday, Zacks Investment Research reports. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $2.55 for the year, down from their previous estimate of $2.58. National Bank Financial has a “Outperform” rating and a $30.00 price objective on the stock. National Bank Financial also issued estimates for WestJet Airlines’ FY2019 earnings at $3.29 EPS.

Other research analysts have also recently issued research reports about the company. CIBC increased their price objective on WestJet Airlines from C$29.00 to C$30.00 in a research note on Thursday, January 4th. JPMorgan Chase & Co. increased their price objective on WestJet Airlines from C$27.00 to C$30.00 in a research note on Friday, December 8th. TD Securities dropped their price objective on 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. Beacon Securities cut WestJet Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Scotiabank increased their price objective on WestJet Airlines from C$28.25 to C$29.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$28.86.

Shares of WestJet Airlines (WJA) traded up C$0.48 during trading hours on Thursday, reaching C$24.90. The company had a trading volume of 157,410 shares, compared to its average volume of 381,124. WestJet Airlines has a 52 week low of C$21.53 and a 52 week high of C$28.00. The company has a market capitalization of $2,790.00, a PE ratio of 10.29 and a beta of 0.62.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, March 13th. This represents a $0.56 annualized dividend and a yield of 2.25%. WestJet Airlines’s dividend payout ratio (DPR) is presently 23.14%.

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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.

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

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