FY2019 EPS Estimates for CATHAY PAC AIRW/S (OTCMKTS:CPCAY) Lowered by Analyst

CATHAY PAC AIRW/S (OTCMKTS:CPCAY) – Research analysts at Jefferies Financial Group dropped their FY2019 earnings estimates for CATHAY PAC AIRW/S in a report issued on Monday, June 24th, according to Zacks Investment Research. Jefferies Financial Group analyst A. Lee now expects that the transportation company will post earnings per share of $0.41 for the year, down from their prior forecast of $0.64. Jefferies Financial Group also issued estimates for CATHAY PAC AIRW/S’s FY2020 earnings at $0.46 EPS and FY2021 earnings at $0.40 EPS.

Separately, Zacks Investment Research downgraded General Finance from a “buy” rating to a “hold” rating in a report on Monday.

Shares of OTCMKTS CPCAY traded up $0.05 during mid-day trading on Wednesday, hitting $7.79. 2,449 shares of the company were exchanged, compared to its average volume of 9,730. The business’s 50 day moving average is $7.30. CATHAY PAC AIRW/S has a 1-year low of $6.20 and a 1-year high of $8.97. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 9.14 and a beta of 0.95.

About CATHAY PAC AIRW/S

Cathay Pacific Airways Limited, together with its subsidiaries, operates as an airline that provides scheduled passenger and cargo services to approximately 200 destinations in Asia, North America, Australia, Europe, and Africa. It operates in two segments, Airline Business and Non-Airline Business. The company conducts airline operations principally to and from Hong Kong.

Further Reading: Why is Cost of Capital Important?

Get a free copy of the Zacks research report on CATHAY PAC AIRW/S (CPCAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for CATHAY PAC AIRW/S (OTCMKTS:CPCAY)

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