WestJet Airlines Ltd. (TSE:WJA) will be posting its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect WestJet Airlines to post earnings of C$1.11 per share for the quarter.
Shares of WestJet Airlines Ltd. (WJA) opened at 27.36 on Friday. The stock has a market cap of $3.20 billion and a P/E ratio of 12.11. WestJet Airlines Ltd. has a one year low of $20.52 and a one year high of $28.00. The stock has a 50 day moving average of $26.78 and a 200 day moving average of $24.57.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Tuesday, September 12th.
In other WestJet Airlines news, insider Marshall Wilmot sold 3,368 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of C$25.33, for a total transaction of C$85,311.44. Also, insider Gregg Albert Saretsky sold 14,687 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of C$25.99, for a total transaction of C$381,715.13. In the last quarter, insiders sold 18,355 shares of company stock worth $474,818.
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WJA has been the topic of a number of research reports. Macquarie cut 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, July 17th. Beacon Securities upgraded shares of WestJet Airlines from a “hold” rating to a “buy” rating and boosted their target price for the company from C$22.50 to C$28.50 in a report on Thursday, July 13th. CIBC boosted their target price on shares of WestJet Airlines from C$27.00 to C$29.50 in a report on Friday, October 13th. TD Securities upped their price target on shares of WestJet Airlines from C$29.00 to C$31.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, National Bank Financial upped their price target on shares of WestJet Airlines from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. WestJet Airlines currently has a consensus rating of “Hold” and an average price target of C$26.50.
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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