Air Canada (ACDVF) Expected to Announce Earnings on Friday

Air Canada (OTCMKTS:ACDVF - Get Free Report) is projected to post its quarterly earnings results before the market opens on Friday, February 21st. Analysts expect Air Canada to post earnings of $0.18 per share and revenue of $5.14 billion for the quarter.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Air Canada had a return on equity of 80.37% and a net margin of 7.82%. On average, analysts expect Air Canada to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Air Canada Stock Down 2.6 %

ACDVF stock traded down $0.32 during midday trading on Friday, hitting $11.83. The stock had a trading volume of 163,420 shares, compared to its average volume of 298,757. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 3.64 and a beta of 2.10. The business has a 50-day moving average of $14.28 and a two-hundred day moving average of $13.89. Air Canada has a 52-week low of $10.16 and a 52-week high of $18.56. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.89.

Wall Street Analysts Forecast Growth

Separately, Stifel Canada raised Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd.

About Air Canada

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.