Air Canada (ACDVF) Expected to Announce Earnings on Monday

Key Points

• Air Canada is expected to report earnings on Monday, July 27, with analysts forecasting $0.04 per share in profit and $4.3347 billion in revenue for the quarter.
• The company’s last quarterly report beat expectations, posting ($0.04) EPS versus an expected ($0.29) and revenue of $4.16 billion versus $3.96 billion estimated.
• Analyst sentiment is mixed but generally cautious, with a consensus rating of Hold; Air Canada’s stock recently traded at $16.14, near its 50-day and 200-day moving averages.

Air Canada (OTCMKTS:ACDVF - Get Free Report) is anticipated to release 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 - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $3.96 billion. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. 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 Price Performance

Air Canada stock opened at $16.14 on Monday. The company has a 50 day moving average of $15.94 and a 200-day moving average of $14.62. The stock has a market capitalization of $4.52 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42. 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 twelve month low of $12.03 and a twelve month high of $17.96.

Analysts Set New Price Targets

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

About Air Canada

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.

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