Air Canada (OTCMKTS:ACDVF) Issues Earnings Results

Air Canada (OTCMKTS:ACDVF - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.25, Zacks reports. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $3.96 billion. Air Canada had a return on equity of 27.71% and a net margin of 3.45%.

Air Canada Price Performance

Shares of OTCMKTS:ACDVF opened at $13.44 on Friday. The company has a market capitalization of $3.86 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 1.97 and a beta of 1.38. The company's 50-day moving average is $13.48 and its 200 day moving average is $13.69. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56. Air Canada has a fifty-two week low of $10.45 and a fifty-two week high of $17.25.

Analysts Set New Price Targets

Several research firms recently weighed in on ACDVF. ATB Cormark Capital Markets cut shares of Air Canada from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 16th. Zacks Research lowered shares of Air Canada from a "hold" rating to a "strong sell" rating in a research note on Monday, April 20th. Raymond James Financial cut shares of Air Canada from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, February 17th. Scotiabank downgraded Air Canada from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 10th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Air Canada in a research note on Sunday, February 15th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell 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.