FY2024 Earnings Forecast for Air Canada Issued By Scotiabank

Air Canada (OTCMKTS:ACDVF) – Scotiabank issued their FY2024 earnings per share estimates for shares of Air Canada in a note issued to investors on Wednesday, January 8th. Scotiabank analyst K. Gupta anticipates that the company will post earnings of $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 issued its quarterly earnings data on Friday, November 1st. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.16 by $0.72. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations 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 Price Performance

Shares of OTCMKTS ACDVF opened at $15.20 on Friday. The stock’s 50-day simple moving average is $16.56 and its two-hundred day simple moving average is $13.68. Air Canada has a twelve month low of $10.16 and a twelve month high of $18.56. The firm has a market capitalization of $5.31 billion, a P/E ratio of 3.14 and a beta of 2.12. 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.