Air Canada (ACDVF) to Release Quarterly Earnings on Thursday

Air Canada (OTCMKTS:ACDVF) is anticipated to issue its resultson Thursday, April 30th. Analysts expect the company to announce earnings of ($0.27) per share and revenue of $3.9351 billion for the quarter.

Air Canada (OTCMKTS:ACDVF) last posted its earnings results on Thursday, February 12th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.27. Air Canada had a return on equity of 22.50% and a net margin of 2.92%.The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $5.56 billion. On average, analysts expect Air Canada to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Air Canada Price Performance

OTCMKTS:ACDVF opened at $13.39 on Thursday. Air Canada has a 52 week low of $9.94 and a 52 week high of $17.25. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $3.84 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.51 and a beta of 1.42. The stock’s 50-day moving average price is $13.67 and its 200-day moving average price is $13.68.

Wall Street Analysts Forecast Growth

ACDVF has been the topic of a number of analyst reports. Scotiabank cut Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Raymond James Financial cut Air Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 17th. ATB Cormark Capital Markets cut Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 16th. Canaccord Genuity Group cut Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a research report on Sunday, February 15th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Air Canada currently has an average rating of “Hold”.

About Air Canada

Air Canada is the largest airline in Canada and one of the leading carriers in North America. Founded in 1937 as Trans-Canada Air Lines and rebranded as Air Canada in 1965, the company operates scheduled passenger and cargo services on six continents. The airline maintains membership in the Star Alliance network, offering seamless connections and coordinated loyalty benefits to travelers worldwide.

Through its mainline operations and subsidiaries—including Air Canada Rouge, Air Canada Cargo and Air Canada Vacations—the company provides a broad range of services.