FY2024 Earnings Estimate for Air Canada Issued By Scotiabank

Air Canada (OTCMKTS:ACDVF) – Scotiabank issued their FY2024 earnings estimates for shares of Air Canada in a research report issued on Wednesday, January 8th. Scotiabank analyst K. Gupta expects that the company will earn $2.44 per share for the year. The consensus estimate for Air Canada’s current full-year earnings is $2.51 per share. Scotiabank also issued estimates for Air Canada’s FY2025 earnings at $1.42 EPS.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings data on Friday, November 1st. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.72. Air Canada had a net margin of 11.53% and a return on equity of 82.89%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.48 billion.

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

Air Canada Stock Up 0.7 %

Shares of OTCMKTS ACDVF opened at $15.20 on Friday. The firm has a market cap of $5.31 billion, a PE ratio of 3.14 and a beta of 2.12. Air Canada has a 12-month low of $10.16 and a 12-month high of $18.56. The company’s fifty day simple moving average is $16.56 and its 200 day simple moving average is $13.69. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47.

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.