Cormark Has Negative Forecast for Air Canada Q2 Earnings

Air Canada (TSE:AC - Free Report) - Stock analysts at Cormark dropped their Q2 2025 earnings per share (EPS) estimates for shares of Air Canada in a research report issued to clients and investors on Monday, May 12th. Cormark analyst D. Ocampo now expects that the company will post earnings of $0.42 per share for the quarter, down from their previous forecast of $0.64. The consensus estimate for Air Canada's current full-year earnings is $2.58 per share. Cormark also issued estimates for Air Canada's Q3 2025 earnings at $1.79 EPS, Q4 2025 earnings at $0.03 EPS, FY2025 earnings at $1.73 EPS, Q1 2026 earnings at ($0.27) EPS, Q2 2026 earnings at $0.70 EPS, Q3 2026 earnings at $1.93 EPS, Q4 2026 earnings at $0.07 EPS, FY2026 earnings at $2.43 EPS and FY2027 earnings at $2.35 EPS.

AC has been the subject of a number of other reports. BMO Capital Markets decreased their target price on Air Canada from C$31.00 to C$29.00 and set an "outperform" rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. downgraded Air Canada from an "overweight" rating to a "neutral" rating and cut their target price for the stock from C$34.00 to C$24.00 in a report on Monday, March 3rd. CIBC decreased their target price on Air Canada from C$24.00 to C$21.00 in a research report on Thursday, April 10th. Royal Bank of Canada raised Air Canada from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$16.00 to C$25.00 in a report on Monday, May 12th. Finally, Jefferies Financial Group lowered Air Canada from a "hold" rating to an "underperform" rating and reduced their price objective for the company from C$18.00 to C$12.00 in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$24.31.

Air Canada Stock Down 0.4%

Shares of TSE AC traded down C$0.07 during mid-day trading on Thursday, reaching C$18.73. 2,494,698 shares of the company traded hands, compared to its average volume of 3,546,284. The stock has a market cap of C$6.68 billion, a PE ratio of 2.64, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company's fifty day moving average is C$14.87 and its two-hundred day moving average is C$18.94. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. Air Canada has a fifty-two week low of C$12.69 and a fifty-two week high of C$26.18.

Insiders Place Their Bets

In related news, Senior Officer Craig Landry bought 7,909 shares of Air Canada stock in a transaction dated Monday, March 31st. The shares were bought at an average cost of C$13.99 per share, with a total value of C$110,646.91. Also, Director Vagn Sorensen purchased 11,440 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were purchased at an average cost of C$17.40 per share, for a total transaction of C$199,057.14. In the last three months, insiders bought 32,993 shares of company stock valued at $538,251. 0.14% of the stock is currently owned by insiders.

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.