Brokers Set Expectations for Air Canada FY2024 Earnings

Air Canada (OTCMKTS:ACDVF - Free Report) - Investment analysts at Scotiabank issued their FY2024 earnings per share (EPS) estimates for shares of Air Canada in a report released on Wednesday, January 8th. Scotiabank analyst K. Gupta forecasts that the company will post earnings of $2.44 per share for the year. The consensus estimate for Air Canada's current full-year earnings is $2.51 per share. Scotiabank also issued estimates for Air Canada's FY2025 earnings at $1.42 EPS.

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

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

Air Canada Stock Up 0.7 %

ACDVF stock traded up $0.10 on Friday, hitting $15.20. 334,709 shares of the company's stock were exchanged, compared to its average volume of 309,901. The firm has a 50 day moving average price of $16.56 and a two-hundred day moving average price of $13.66. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.89 and a current ratio of 0.92. Air Canada has a 12-month low of $10.16 and a 12-month high of $18.56. The stock has a market cap of $5.31 billion, a P/E ratio of 3.14 and a beta of 2.12.

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.