Air Canada (ACDVF) Expected to Announce Quarterly Earnings on Thursday

Air Canada (OTCMKTS:ACDVF) is projected to release its results after the market closes on Thursday, October 29th. Analysts expect Air Canada to post earnings of $0.3860 per share and revenue of $4.80 billion for the quarter.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Tuesday, August 11th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. Air Canada had a return on equity of 20.11% and a net margin of 1.82%. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.34 billion. On average, analysts expect Air Canada to post $0.95 EPS for the current fiscal year and $1.24 EPS for the next fiscal year.

Air Canada Stock Performance

Shares of OTCMKTS ACDVF opened at $15.76 on Thursday. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.60 and a quick ratio of 0.56. Air Canada has a one year low of $12.03 and a one year high of $22.52. The business’s 50-day moving average price is $19.18 and its two-hundred day moving average price is $16.97. The company has a market capitalization of $3.98 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 0.42 and a beta of 1.45.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ACDVF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Air Canada in a research note on Thursday, August 13th. Jefferies Financial Group cut Air Canada from a “hold” rating to an “underperform” rating in a research note on Monday. Scotiabank restated an “outperform” rating on shares of Air Canada in a report on Thursday, October 15th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Air Canada in a report on Friday, August 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

About Air Canada

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger air transportation to destinations across Canada, the United States and international markets. Its network serves major regions in Europe, Asia-Pacific, Latin America, the Caribbean and other global destinations.

In addition to its mainline operations, Air Canada operates Air Canada Rouge, a leisure-focused carrier, and Air Canada Cargo, which provides air freight services. The company also offers vacation packages through Air Canada Vacations and operates Aeroplan, its travel loyalty program.