Stifel Canada Weighs in on Air Canada FY2024 Earnings

Air Canada (TSE:AC) – Analysts at Stifel Canada issued their FY2024 EPS estimates for shares of Air Canada in a research note issued to investors on Tuesday, October 15th. Stifel Canada analyst D. Young expects that the company will earn $2.52 per share for the year. Stifel Canada has a “Hold” rating on the stock. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share. Stifel Canada also issued estimates for Air Canada’s FY2025 earnings at $2.80 EPS.

Air Canada (TSE:AC) last posted its earnings results on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping the consensus estimate of C$0.85 by C$0.13. The business had revenue of C$5.52 billion for the quarter, compared to the consensus estimate of C$5.55 billion. Air Canada had a net margin of 7.92% and a return on equity of 603.77%.

Several other equities research analysts have also recently weighed in on AC. TD Securities decreased their price objective on shares of Air Canada from C$25.00 to C$19.00 in a research report on Wednesday, July 24th. Citigroup lifted their price target on shares of Air Canada from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus set a C$20.00 price objective on Air Canada and gave the stock a “hold” rating in a report on Wednesday. National Bankshares lowered their target price on shares of Air Canada from C$24.00 to C$22.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th. Finally, BMO Capital Markets decreased their price target on Air Canada from C$33.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$23.70.

Air Canada Trading Up 0.5 %

Shares of AC stock opened at C$18.28 on Friday. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$20.47. The stock has a 50-day moving average of C$15.99 and a 200-day moving average of C$17.42. The stock has a market cap of C$6.55 billion, a price-to-earnings ratio of 4.08, a PEG ratio of 0.02 and a beta of 2.39.

Insiders Place Their Bets

In other news, Senior Officer Christophe Hennebelle purchased 1,900 shares of Air Canada stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of C$15.70 per share, for a total transaction of C$29,830.00. Company insiders own 0.14% of the company’s stock.

Air Canada Company Profile

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.