Brokers Set Expectations for Air Canada FY2024 Earnings

Air Canada (OTCMKTS:ACDVF - Free Report) - Research analysts at Stifel Canada increased their FY2024 EPS estimates for shares of Air Canada in a research note issued on Sunday, November 3rd. Stifel Canada analyst D. Young now expects that the company will post earnings per share of $2.67 for the year, up from their previous forecast of $1.86. Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for Air Canada's current full-year earnings is $1.65 per share. Stifel Canada also issued estimates for Air Canada's Q4 2024 earnings at $0.31 EPS and FY2025 earnings at $2.50 EPS.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last issued its earnings results on Friday, November 1st. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.72. Air Canada had a return on equity of 133.91% and a net margin of 11.53%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.48 billion.

Air Canada Stock Up 3.9 %

Shares of ACDVF traded up $0.62 on Wednesday, reaching $16.62. The company's stock had a trading volume of 166,174 shares, compared to its average volume of 231,756. Air Canada has a twelve month low of $10.16 and a twelve month high of $16.65. The stock has a market capitalization of $5.96 billion, a PE ratio of 3.43 and a beta of 2.05. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 9.32. The firm has a fifty day moving average of $12.59 and a 200-day moving average of $12.66.

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.