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.
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.
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