Air Canada (TSE:AC – Free Report) – Research analysts at National Bank Financial lowered their Q1 2024 earnings estimates for shares of Air Canada in a report released on Wednesday, April 17th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of ($0.16) per share for the quarter, down from their prior estimate of ($0.14). The consensus estimate for Air Canada’s current full-year earnings is $2.95 per share. National Bank Financial also issued estimates for Air Canada’s FY2025 earnings at $2.97 EPS.
Air Canada (TSE:AC – Get Free Report) last issued its quarterly earnings data on Friday, February 16th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.07). The business had revenue of C$5.18 billion for the quarter, compared to analyst estimates of C$5.05 billion.
Check Out Our Latest Stock Analysis on Air Canada
Air Canada Stock Up 0.5 %
Shares of Air Canada stock opened at C$20.00 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.06 and a debt-to-equity ratio of 1,741.46. The company’s fifty day simple moving average is C$18.77 and its two-hundred day simple moving average is C$18.34. The company has a market cap of C$7.17 billion, a P/E ratio of 3.36, a PEG ratio of 0.02 and a beta of 2.42. Air Canada has a 12-month low of C$16.04 and a 12-month high of C$26.04.
Insider Buying and Selling at Air Canada
In related news, Senior Officer Mark Youssef Nasr bought 2,406 shares of the stock in a transaction on Thursday, February 29th. The shares were acquired at an average price of C$18.21 per share, for a total transaction of C$43,823.37. Company insiders own 0.17% of the company’s stock.
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.
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