Air Canada (TSE:AC - Get Free Report) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Air Canada to post earnings of C($0.15) per share for the quarter.
Air Canada (TSE:AC - Get Free Report) last announced its earnings results on Friday, February 16th. The company reported C($0.12) EPS for the quarter, missing analysts' consensus estimates of C($0.05) by C($0.07). The business had revenue of C$5.18 billion during the quarter, compared to analysts' expectations of C$5.05 billion.
Air Canada Price Performance
TSE:AC traded up C$0.05 during trading hours on Thursday, reaching C$19.98. 1,400,216 shares of the company traded hands, compared to its average volume of 2,262,230. The firm's 50-day moving average is C$18.79 and its 200-day moving average is C$18.35. The stock has a market cap of C$7.16 billion, a P/E ratio of 3.35, a P/E/G ratio of 0.02 and a beta of 2.42. The company has a debt-to-equity ratio of 1,741.46, a current ratio of 1.02 and a quick ratio of 1.06. Air Canada has a 1-year low of C$16.04 and a 1-year high of C$26.04.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on AC shares. BMO Capital Markets restated a "buy" rating and set a C$32.00 price objective on shares of Air Canada in a report on Tuesday, February 20th. Scotiabank decreased their price objective on Air Canada from C$30.00 to C$29.00 and set an "outperform" rating on the stock in a report on Thursday, March 28th. ATB Capital decreased their price objective on Air Canada from C$33.00 to C$32.00 and set an "outperform" rating on the stock in a report on Tuesday, February 20th. Royal Bank of Canada set a C$18.00 price objective on Air Canada and gave the stock a "sector perform" rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised their price objective on Air Canada from C$38.00 to C$41.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Air Canada has an average rating of "Moderate Buy" and a consensus price target of C$30.35.
Read Our Latest Research Report on Air Canada
Insider Activity at Air Canada
In other news, Senior Officer Mark Youssef Nasr acquired 2,406 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average cost of C$18.21 per share, with a total value of C$43,823.37. 0.17% of the stock is owned by corporate insiders.
Air Canada Company Profile
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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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