Air Canada (ACDVF) Projected to Post Earnings on Thursday

Air Canada (OTCMKTS:ACDVF) is expected to be announcing its earnings results before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of ($0.30) per share and revenue of $5.35 billion for the quarter.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Air Canada had a return on equity of 80.37% and a net margin of 7.82%. On average, analysts expect Air Canada to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Air Canada Stock Performance

Shares of Air Canada stock opened at $10.05 on Tuesday. Air Canada has a 1 year low of $8.56 and a 1 year high of $18.56. The firm’s 50-day moving average is $10.52 and its 200 day moving average is $13.51. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 3.09 and a beta of 1.82. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.89.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut shares of Air Canada to an “underperform” rating in a report on Tuesday, April 1st.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.