WestJet Airlines Ltd. (WJA) Expected to Earn Q2 2019 Earnings of ($0.04) Per Share

WestJet Airlines Ltd. (TSE:WJA) – Equities researchers at Cormark reduced their Q2 2019 earnings per share (EPS) estimates for WestJet Airlines in a research note issued on Wednesday, May 8th. Cormark analyst D. Ocampo now anticipates that the company will post earnings of ($0.04) per share for the quarter, down from their prior estimate of $0.06. Cormark has a “Market Perform” rating and a $21.00 price objective on the stock. Cormark also issued estimates for WestJet Airlines’ FY2019 earnings at $1.29 EPS, Q2 2020 earnings at $0.14 EPS, Q3 2020 earnings at $1.01 EPS, Q4 2020 earnings at $0.52 EPS, FY2022 earnings at $3.99 EPS and FY2023 earnings at $5.19 EPS.

Several other research analysts also recently commented on the company. Raymond James dropped their price target on WestJet Airlines from C$20.25 to C$20.00 and set a “market perform” rating on the stock in a research report on Thursday. TD Securities lifted their price target on WestJet Airlines from C$19.00 to C$20.00 and gave the stock a “hold” rating in a research report on Wednesday. BMO Capital Markets dropped their price target on WestJet Airlines from C$22.00 to C$21.00 in a research report on Wednesday. National Bank Financial dropped their price target on WestJet Airlines from C$22.50 to C$22.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, CIBC dropped their price target on WestJet Airlines from C$21.00 to C$20.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$20.36.

Shares of TSE WJA opened at C$18.52 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.65 and a debt-to-equity ratio of 86.02. The company has a market capitalization of $2.11 billion and a price-to-earnings ratio of 23.15. WestJet Airlines has a 12 month low of C$16.71 and a 12 month high of C$21.85.

WestJet Airlines Company Profile

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; WestJet Encore, a regional airline with a fleet of turboprop aircraft in a network of destinations in Canada and the United States; and Swoop, an ultra-low-cost carrier for air transportation.

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

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