Air Canada (OTCMKTS:ACDVF) Posts Earnings Results, Misses Expectations By $0.07 EPS

Key Points

• Air Canada reported quarterly earnings of $0.43 per share, missing analysts' expectations of $0.50 by $0.07.
• The company's stock decreased by $0.05 to reach $15.98 during midday trading, amidst a market cap of $5.16 billion.
• Analysts have mixed ratings for Air Canada, with the Royal Bank of Canada upgrading it to a "moderate buy," while Jefferies Financial Group downgraded it to "underperform."

Air Canada (OTCMKTS:ACDVF - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.07), Zacks reports. Air Canada had a return on equity of 60.31% and a net margin of 7.88%.

Air Canada Stock Performance

ACDVF stock traded down $0.05 during midday trading on Monday, reaching $15.98. The stock had a trading volume of 121,581 shares, compared to its average volume of 320,270. The stock has a market cap of $5.16 billion, a PE ratio of 5.11 and a beta of 1.93. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.67 and a current ratio of 0.70. The firm has a fifty day simple moving average of $14.72 and a two-hundred day simple moving average of $12.70. Air Canada has a 52-week low of $8.56 and a 52-week high of $18.56.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Royal Bank Of Canada raised Air Canada from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th. Jefferies Financial Group cut Air Canada to an "underperform" rating in a research report 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.

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