Atb Cap Markets Predicts Increased Earnings for Air Canada

Air Canada (OTCMKTS:ACDVF - Free Report) - Equities researchers at Atb Cap Markets raised their FY2024 earnings per share estimates for Air Canada in a note issued to investors on Tuesday, December 17th. Atb Cap Markets analyst C. Murray now anticipates that the company will earn $2.36 per share for the year, up from their previous forecast of $2.29. The consensus estimate for Air Canada's current full-year earnings is $2.51 per share. Atb Cap Markets also issued estimates for Air Canada's Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $1.58 EPS and FY2026 earnings at $1.43 EPS.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.72. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.48 billion. Air Canada had a net margin of 11.53% and a return on equity of 82.89%.

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

Air Canada Trading Up 1.0 %

Shares of OTCMKTS ACDVF traded up $0.15 during midday trading on Friday, hitting $15.24. The stock had a trading volume of 57,214 shares, compared to its average volume of 235,245. 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 1-year low of $10.16 and a 1-year high of $18.56. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 3.15 and a beta of 2.10. The company has a fifty day moving average price of $16.00 and a 200 day moving average price of $13.41.

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.