Air Canada (OTCMKTS:ACDVF) Announces Quarterly Earnings Results

Air Canada (OTCMKTS:ACDVF) announced its quarterly earnings data on Tuesday. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.43), Zacks reports. Air Canada had a net margin of 6.83% and a return on equity of 49.15%.

Air Canada Stock Down 0.8%

Air Canada stock traded down $0.11 during mid-day trading on Tuesday, reaching $13.31. The company’s stock had a trading volume of 399,139 shares, compared to its average volume of 264,093. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 4.86 and a beta of 1.90. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.60 and a current ratio of 0.63. The business’s 50 day simple moving average is $13.33 and its 200 day simple moving average is $13.65. Air Canada has a 12 month low of $8.56 and a 12 month high of $18.56.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Air Canada in a research report on Wednesday, July 30th. National Bank Financial cut Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Zacks Research upgraded shares of Air Canada to a “hold” rating in a report on Tuesday, August 12th. National Bankshares downgraded shares of Air Canada from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Air Canada in a research report on Thursday, October 9th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.