Beacon Securities Weighs in on WestJet Airlines Ltd.’s Q2 2017 Earnings (TSE:WJA)

WestJet Airlines Ltd. (TSE:WJA) – Stock analysts at Beacon Securities lifted their Q2 2017 earnings estimates for WestJet Airlines in a note issued to investors on Thursday. Beacon Securities analyst A. Shaath now expects that the company will post earnings of $0.23 per share for the quarter, up from their prior forecast of $0.10. Beacon Securities has a “Buy” rating and a $28.50 price objective on the stock. Beacon Securities also issued estimates for WestJet Airlines’ FY2017 earnings at $2.24 EPS.

ILLEGAL ACTIVITY NOTICE: “Beacon Securities Weighs in on WestJet Airlines Ltd.’s Q2 2017 Earnings (TSE:WJA)” was posted by Stock Observer and is owned by of Stock Observer. If you are reading this news story on another site, it was stolen and reposted in violation of US and international copyright and trademark laws. The original version of this news story can be viewed at https://www.thestockobserver.com/2017/07/18/beacon-securities-weighs-in-on-westjet-airlines-ltd-s-q2-2017-earnings-tsewja.html.

Several other research firms have also issued reports on WJA. Macquarie lowered shares of WestJet Airlines from a “neutral” rating to an “underperform” rating and dropped their target price for the company from C$25.00 to C$24.00 in a report on Monday. National Bank Financial restated an “underperform” rating and issued a C$21.50 target price on shares of WestJet Airlines in a report on Thursday, June 29th. BMO Capital Markets restated a “market perform” rating and issued a C$25.00 target price on shares of WestJet Airlines in a report on Monday, June 26th. Raymond James Financial, Inc. reiterated a “market perform” rating and set a C$24.50 price objective on shares of WestJet Airlines in a report on Monday, April 17th. Finally, Scotiabank reiterated a “sector perform” rating and set a C$28.00 price objective on shares of WestJet Airlines in a report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$24.42.

WestJet Airlines (TSE WJA) opened at 24.93 on Monday. The company has a market cap of $2.92 billion and a PE ratio of 11.60. The firm’s 50-day moving average price is $22.69 and its 200-day moving average price is $22.66. WestJet Airlines has a 12-month low of $20.52 and a 12-month high of $25.88.

In other news, Director Ron A. Brenneman acquired 5,000 shares of WestJet Airlines stock in a transaction on Wednesday, June 14th. The stock was acquired at an average cost of C$22.50 per share, with a total value of C$112,500.00. Also, insider Robert Cummings sold 1,200 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of C$23.13, for a total transaction of C$27,756.00. Over the last three months, insiders have bought 30,000 shares of company stock valued at $669,050.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Monday, June 12th.

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.

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

Receive News & Ratings for WestJet Airlines Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestJet Airlines Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply