Air Canada (ACDVF) Expected to Post Quarterly Earnings on Monday

Air Canada (OTCMKTS:ACDVF) is anticipated to post its resultson Monday, July 27th. Analysts expect Air Canada to post earnings of $0.04 per share and revenue of $4.3347 billion for the quarter.

Air Canada (OTCMKTS:ACDVF) last posted its earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.25. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $3.96 billion. Air Canada had a return on equity of 27.71% and a net margin of 3.45%. On average, analysts expect Air Canada to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Air Canada Stock Performance

Air Canada stock opened at $16.14 on Monday. The stock has a market cap of $4.52 billion, a P/E ratio of 8.72, a PEG ratio of 0.58 and a beta of 1.42. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56. The firm’s fifty day moving average price is $15.94 and its 200-day moving average price is $14.62. Air Canada has a fifty-two week low of $12.03 and a fifty-two week high of $17.96.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ACDVF. Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research note on Wednesday, July 8th. Scotiabank reiterated a “sector perform” rating on shares of Air Canada in a report on Thursday. Finally, National Bank Financial raised Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Air Canada Company Profile

Air Canada is the largest airline in Canada and one of the leading carriers in North America. Founded in 1937 as Trans-Canada Air Lines and rebranded as Air Canada in 1965, the company operates scheduled passenger and cargo services on six continents. The airline maintains membership in the Star Alliance network, offering seamless connections and coordinated loyalty benefits to travelers worldwide.

Through its mainline operations and subsidiaries—including Air Canada Rouge, Air Canada Cargo and Air Canada Vacations—the company provides a broad range of services.