Air Canada (ACDVF) to Release Earnings on Monday

Air Canada (OTCMKTS:ACDVF) is anticipated to release its resultson Monday, July 27th. Analysts expect Air Canada to post earnings of $0.05 per share and revenue of $4.3347 billion for the quarter.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.25. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $3.96 billion. 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 Up 2.1%

Shares of OTCMKTS ACDVF opened at $16.52 on Friday. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.49 and a beta of 1.42. The company’s 50-day simple moving average is $16.17 and its 200-day simple moving average is $14.69. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. Air Canada has a 52-week low of $12.03 and a 52-week high of $17.96.

Analyst Upgrades and Downgrades

ACDVF has been the topic of a number of research reports. Scotiabank reaffirmed a “sector perform” rating on shares of Air Canada in a research note on Thursday, July 16th. BMO Capital Markets reiterated an “outperform” rating on shares of Air Canada in a research note on Wednesday, July 8th. Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, National Bank Financial raised Air Canada from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Air Canada presently has an average 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.