Air Canada FY2024 EPS Forecast Raised by Atb Cap Markets

Air Canada (OTCMKTS:ACDVF) – Equities researchers at Atb Cap Markets upped their FY2024 earnings per share estimates for Air Canada in a note issued to investors on Tuesday, December 17th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $2.36 for the year, up from their prior forecast of $2.29. The consensus estimate for Air Canada’s current full-year earnings is $2.51 per share. Atb Cap Markets also issued estimates for Air Canada’s Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $1.58 EPS and FY2026 earnings at $1.43 EPS.

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 the consensus estimate 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 82.89%.

Separately, Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd.

Air Canada Trading Up 1.0 %

Shares of ACDVF opened at $15.24 on Friday. Air Canada has a twelve month low of $10.16 and a twelve month high of $18.56. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $5.33 billion, a P/E ratio of 3.15 and a beta of 2.10. The firm has a fifty day simple moving average of $16.00 and a two-hundred day simple moving average of $13.41.

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.