Air Canada (ACDVF) Projected to Announce Quarterly Earnings on Tuesday

Air Canada (OTCMKTS:ACDVF) is expected to be issuing its results after the market closes on Tuesday, August 11th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $4.3449 billion for the quarter.

Air Canada Stock Performance

Shares of ACDVF opened at $19.06 on Friday. The stock has a market capitalization of $5.34 billion, a P/E ratio of 10.30, a P/E/G ratio of 0.58 and a beta of 1.42. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56. Air Canada has a 1 year low of $12.03 and a 1 year high of $19.08. The company’s fifty day moving average is $16.88 and its two-hundred day moving average is $14.99.

Analysts Set New Price Targets

A number of research firms recently commented on ACDVF. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Scotiabank reaffirmed a “sector perform” rating on shares of Air Canada in a report on Thursday, July 16th. National Bank Financial upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.