Air Canada (ACDVF) to Release Earnings on Thursday

Air Canada (OTCMKTS:ACDVF - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Thursday, May 1st. Analysts expect Air Canada to post earnings of ($0.30) per share and revenue of $5.35 billion for the quarter.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Air Canada had a net margin of 7.82% and a return on equity of 80.37%. 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 Price Performance

ACDVF stock traded up $0.11 during mid-day trading on Tuesday, hitting $10.16. The company had a trading volume of 149,307 shares, compared to its average volume of 303,095. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 3.13 and a beta of 1.82. Air Canada has a 12-month low of $8.56 and a 12-month high of $18.56. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The company has a 50-day moving average price of $10.48 and a 200 day moving average price of $13.48.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut shares of Air Canada to an "underperform" rating in a research note on Tuesday, April 1st.

Air Canada Company Profile

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.