Air Canada (OTCMKTS:ACDVF) Issues Earnings Results, Meets Expectations

Air Canada (OTCMKTS:ACDVF - Get Free Report) announced its earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18, Zacks reports. Air Canada had a return on equity of 82.89% and a net margin of 11.53%.

Air Canada Stock Performance

Shares of ACDVF traded down $0.32 during trading hours on Monday, reaching $12.53. 695,425 shares of the company traded hands, compared to its average volume of 260,099. The stock has a market capitalization of $4.26 billion, a P/E ratio of 2.59 and a beta of 2.10. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. Air Canada has a 12-month low of $10.16 and a 12-month high of $18.56. The business has a fifty day moving average price of $14.62 and a 200-day moving average price of $13.90.

Wall Street Analysts Forecast Growth

Separately, Stifel Canada upgraded 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.