Air Canada (ACDVF) Expected to Post Earnings on Thursday

Key Points

• Air Canada is expected to report quarterly results after market close on Thursday, October 29. Analysts forecast earnings of $0.386 per share and revenue of $4.80 billion.
• In its previous quarter, Air Canada earned $0.29 per share, beating estimates by $0.18, while revenue of $4.41 billion exceeded consensus expectations.
• Analyst sentiment is mixed: six analysts rate the stock a Buy, four a Hold, and one a Sell, resulting in an overall “Hold” rating. Shares recently opened at $15.76, below their 50-day moving average of $19.18.

Air Canada (OTCMKTS:ACDVF - Get Free Report) is projected to announce its results after the market closes on Thursday, October 29th. Analysts expect Air Canada to announce earnings of $0.3860 per share and revenue of $4.80 billion for the quarter.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.18. Air Canada had a net margin of 1.82% and a return on equity of 20.11%. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.34 billion. On average, analysts expect Air Canada to post $0.95 EPS for the current fiscal year and $1.24 EPS for the next fiscal year.

Air Canada Stock Performance

OTCMKTS:ACDVF opened at $15.76 on Thursday. The company has a 50-day moving average of $19.18 and a 200-day moving average of $16.97. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 0.42 and a beta of 1.45. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 3.52. Air Canada has a twelve month low of $12.03 and a twelve month high of $22.52.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Jefferies Financial Group lowered shares of Air Canada from a "hold" rating to an "underperform" rating in a research note on Monday. BMO Capital Markets restated an "outperform" rating on shares of Air Canada in a report on Wednesday, August 12th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Air Canada in a research report on Friday, August 14th. Royal Bank Of Canada restated an "outperform" rating on shares of Air Canada in a research report on Thursday, August 13th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Air Canada in a report on Thursday, October 15th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Air Canada Company Profile

Air Canada is Canada's flag carrier and the country's largest airline. The company provides scheduled passenger air transportation to destinations across Canada, the United States and international markets. Its network serves major regions in Europe, Asia-Pacific, Latin America, the Caribbean and other global destinations.

In addition to its mainline operations, Air Canada operates Air Canada Rouge, a leisure-focused carrier, and Air Canada Cargo, which provides air freight services. The company also offers vacation packages through Air Canada Vacations and operates Aeroplan, its travel loyalty program.

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