FY2024 EPS Estimates for Air Canada Boosted by Stifel Canada

Air Canada (OTCMKTS:ACDVF) – Stifel Canada upped their FY2024 earnings per share estimates for shares of Air Canada in a research note issued to investors on Sunday, November 3rd. Stifel Canada analyst D. Young now expects that the company will earn $2.67 per share for the year, up from their prior estimate of $1.86. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Air Canada’s current full-year earnings is $1.65 per share. Stifel Canada also issued estimates for Air Canada’s Q4 2024 earnings at $0.31 EPS and FY2025 earnings at $2.50 EPS.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.72. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.48 billion. Air Canada had a return on equity of 133.91% and a net margin of 11.53%.

Air Canada Trading Up 3.9 %

ACDVF opened at $16.62 on Wednesday. Air Canada has a one year low of $10.16 and a one year high of $16.65. The stock has a market capitalization of $5.96 billion, a PE ratio of 3.43 and a beta of 2.05. The business’s 50 day moving average price is $12.59 and its 200 day moving average price is $12.66. The company has a debt-to-equity ratio of 9.32, a quick ratio of 0.81 and a current ratio of 0.85.

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.