TRANSAT AT Inc (TRZ) Forecasted to Post Q3 2018 Earnings of $0.59 Per Share

TRANSAT AT Inc (TSE:TRZ) – Stock analysts at Cormark upped their Q3 2018 earnings per share estimates for shares of TRANSAT AT in a research note issued on Tuesday. Cormark analyst D. Tyerman now forecasts that the company will post earnings of $0.59 per share for the quarter, up from their previous estimate of $0.58. Cormark also issued estimates for TRANSAT AT’s Q4 2018 earnings at $1.11 EPS and Q4 2019 earnings at $1.24 EPS.

Several other brokerages have also recently commented on TRZ. National Bank Financial raised their target price on TRANSAT AT from C$13.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 20th. Scotiabank raised their target price on TRANSAT AT from C$10.00 to C$10.50 and gave the stock a “sector perform” rating in a research report on Friday, December 15th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. TRANSAT AT currently has a consensus rating of “Buy” and a consensus target price of C$11.93.

TRANSAT AT (TSE:TRZ) traded down C$0.17 on Wednesday, hitting C$10.72. The stock had a trading volume of 26,990 shares, compared to its average volume of 82,576. TRANSAT AT has a 12 month low of C$5.07 and a 12 month high of C$11.82. The company has a market capitalization of $405.64, a PE ratio of 3.03 and a beta of 0.43.

TRANSAT AT (TSE:TRZ) last posted its quarterly earnings data on Thursday, December 14th. The company reported C$1.24 earnings per share for the quarter, beating the consensus estimate of C$1.01 by C$0.23. TRANSAT AT had a negative return on equity of 7.84% and a negative net margin of 0.70%.

In other TRANSAT AT news, Director Jean-Pierre Delisle bought 4,800 shares of the stock in a transaction dated Thursday, December 14th. The stock was bought at an average cost of C$10.30 per share, for a total transaction of C$49,440.00. Also, insider De Solidarité Ftq Fonds sold 450,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of C$11.00, for a total value of C$4,950,000.00. Over the last 90 days, insiders sold 462,125 shares of company stock valued at $5,081,868.

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Transat A.T. Inc operates as an integrated tour operator primarily in the Americas and Europe. It develops and markets holiday travel services in package and air-only formats in approximately 50 countries. The company also operates as an outgoing and incoming tour operator by bundling services bought in Canada and abroad, and reselling them in Canada, France, the United Kingdom, and 10 European countries directly or through intermediaries.

Earnings History and Estimates for TRANSAT AT (TSE:TRZ)

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