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

WestJet Airlines Ltd. (TSE:WJA) – Equities research analysts at National Bank Financial lowered their FY2018 EPS estimates for WestJet Airlines in a research report issued to clients and investors on Monday, April 9th. National Bank Financial analyst C. Doerksen now expects that the company will earn $2.13 per share for the year, down from their previous estimate of $2.55. National Bank Financial currently has a “Sector Perform” rating and a $26.00 target price on the stock. National Bank Financial also issued estimates for WestJet Airlines’ FY2019 earnings at $3.13 EPS.

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WestJet Airlines (TSE:WJA) last issued its quarterly earnings results on Tuesday, February 6th. The company reported C$0.42 EPS for the quarter, missing analysts’ consensus estimates of C$0.44 by C($0.02). The company had revenue of C$1.12 billion during the quarter, compared to analysts’ expectations of C$1.11 billion. WestJet Airlines had a return on equity of 9.19% and a net margin of 4.58%.

A number of other research firms have also weighed in on WJA. CIBC dropped their price objective on WestJet Airlines from C$28.00 to C$26.00 in a research note on Wednesday. Scotiabank dropped their price objective on WestJet Airlines from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, March 9th. BMO Capital Markets dropped their price objective on WestJet Airlines from C$27.00 to C$26.00 and set a “market perform” rating for the company in a research note on Friday, March 9th. Raymond James Financial lowered WestJet Airlines from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$31.00 to C$25.00 in a research note on Friday, March 9th. Finally, AltaCorp Capital raised WestJet Airlines from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$27.41.

Shares of WJA opened at C$22.68 on Thursday. WestJet Airlines has a 52 week low of C$21.54 and a 52 week high of C$28.00.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Wednesday, March 14th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Tuesday, March 13th.

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About WestJet Airlines

WestJet Airlines Ltd. provides scheduled airline services and travel packages. The company offers scheduled flights, as well as cargo and charter services. It also operates WestJet Vacations that provides air, hotel, car, and excursion packages, as well as WestJet Encore, a regional airline with 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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