Air Canada (ACDVF) Projected to Post Earnings on Wednesday

Key Points

• Air Canada is set to release its quarterly earnings on August 6th, with analysts expecting earnings of $0.51 per share and revenue of $5.55 billion.
• The company's previous quarter showed a loss in earnings, reporting $0.43 per share, which missed the consensus estimate, alongside a revenue of $4.14 billion.
• Air Canada shares are currently down 12.1% with a market cap of $4.53 billion and a P/E ratio of 5.13.

Air Canada (OTCMKTS:ACDVF - Get Free Report) is expected to be announcing its earnings results before the market opens on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $5.55 billion for the quarter.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.07). Air Canada had a return on equity of 45.69% and a net margin of 6.83%. The business had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $5.55 billion. 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

ACDVF traded down $0.08 during trading on Friday, reaching $13.84. 164,002 shares of the company's stock were exchanged, compared to its average volume of 206,927. Air Canada has a 1 year low of $8.56 and a 1 year high of $18.56. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.70 and a quick ratio of 0.67. The stock has a market capitalization of $4.47 billion, a P/E ratio of 5.05 and a beta of 1.99. The company's fifty day simple moving average is $14.81 and its 200-day simple moving average is $12.72.

Analyst Upgrades and Downgrades

ACDVF has been the subject of several recent research reports. Royal Bank Of Canada raised shares of Air Canada from a "hold" rating to a "moderate buy" rating in a report on Monday, May 12th. Scotiabank reaffirmed an "outperform" rating on shares of Air Canada in a report on Wednesday.

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.