FY2024 EPS Estimates for Air Canada Increased by Analyst

Air Canada (OTCMKTS:ACDVF) – Equities researchers at Atb Cap Markets lifted their FY2024 EPS estimates for Air Canada in a research report issued on Sunday, November 3rd. Atb Cap Markets analyst C. Murray now expects that the company will post earnings of $2.29 per share for the year, up from their prior forecast of $1.38. The consensus estimate for Air Canada’s current full-year earnings is $1.65 per share. Atb Cap Markets also issued estimates for Air Canada’s Q4 2024 earnings at ($0.03) EPS, Q1 2025 earnings at ($0.36) EPS, Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $1.53 EPS, Q4 2025 earnings at ($0.14) EPS and FY2026 earnings at $1.61 EPS.

Separately, Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday.

Air Canada Trading Up 3.9 %

ACDVF opened at $16.62 on Wednesday. The company has a debt-to-equity ratio of 9.32, a current ratio of 0.85 and a quick ratio of 0.81. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 3.43 and a beta of 2.05. The firm has a 50 day simple moving average of $12.59 and a 200 day simple moving average of $12.66. Air Canada has a fifty-two week low of $10.16 and a fifty-two week high of $16.65.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly 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. 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 133.91%.

About Air Canada

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.