Air Canada (TSE:AC - Get Free Report) will release its earnings data before the market opens on Wednesday, August 7th. Analysts expect Air Canada to post earnings of C$0.87 per share for the quarter.
Air Canada (TSE:AC - Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C($0.15) by C($0.12). The company had revenue of C$5.23 billion during the quarter, compared to analyst estimates of C$5.13 billion.
Air Canada Price Performance
Air Canada stock traded down C$0.45 during midday trading on Thursday, hitting C$15.46. 3,835,295 shares of the company's stock were exchanged, compared to its average volume of 2,220,732. The stock has a 50-day moving average price of C$17.36 and a two-hundred day moving average price of C$18.27. Air Canada has a 52-week low of C$15.45 and a 52-week high of C$23.83. The company has a debt-to-equity ratio of 1,767.66, a quick ratio of 1.06 and a current ratio of 0.85. The company has a market cap of C$5.54 billion, a P/E ratio of 2.69, a PEG ratio of 0.02 and a beta of 2.40.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lowered their target price on Air Canada from C$18.00 to C$17.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 23rd. ATB Capital lowered their target price on Air Canada from C$33.00 to C$28.00 and set an "outperform" rating for the company in a research note on Tuesday, July 23rd. Jefferies Financial Group lowered their target price on Air Canada from C$20.00 to C$19.00 in a research note on Thursday, June 20th. BMO Capital Markets lowered their target price on Air Canada from C$33.00 to C$28.00 and set an "outperform" rating for the company in a research note on Wednesday, July 24th. Finally, Raymond James lowered their target price on Air Canada from C$28.00 to C$22.00 and set an "outperform" rating for the company in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$25.02.
Read Our Latest Stock Report on Air Canada
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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