Air Canada (OTCMKTS:ACDVF - Free Report) - Analysts at Cormark upped their FY2024 EPS estimates for Air Canada in a research report issued on Monday, November 4th. Cormark analyst D. Ocampo now forecasts that the company will earn $2.60 per share for the year, up from their previous forecast of $1.95. The consensus estimate for Air Canada's current full-year earnings is $1.65 per share. Cormark also issued estimates for Air Canada's Q4 2024 earnings at $0.19 EPS, Q1 2025 earnings at $0.01 EPS, Q3 2025 earnings at $2.04 EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at $3.03 EPS.
Separately, Stifel Canada upgraded Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday.
View Our Latest Stock Analysis on Air Canada
Air Canada Stock Performance
Shares of OTCMKTS:ACDVF traded up $0.62 during trading on Wednesday, hitting $16.62. 166,174 shares of the company were exchanged, compared to its average volume of 231,756. Air Canada has a 52-week low of $10.16 and a 52-week high of $16.65. The stock has a 50 day moving average of $12.59 and a 200 day moving average of $12.66. The company has a debt-to-equity ratio of 9.32, a current ratio of 0.85 and a quick ratio of 0.81. The company has a market cap of $5.96 billion, a PE ratio of 3.43 and a beta of 2.05.
Air Canada (OTCMKTS:ACDVF - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.16 by $0.72. Air Canada had a net margin of 11.53% and a return on equity of 133.91%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.48 billion.
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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