Cormark Has Positive Estimate for Air Canada Q2 Earnings

Air Canada (TSE:AC) – Research analysts at Cormark boosted their Q2 2025 earnings per share estimates for shares of Air Canada in a research note issued on Monday, November 4th. Cormark analyst D. Ocampo now forecasts that the company will post earnings of $1.32 per share for the quarter, up from their previous estimate of $1.20. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share.

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

A number of other equities research analysts also recently weighed in on AC. Canaccord Genuity Group boosted their price target on Air Canada from C$25.00 to C$29.00 in a report on Monday. JPMorgan Chase & Co. boosted their price target on Air Canada from C$32.00 to C$34.00 in a report on Monday. CIBC boosted their price target on Air Canada from C$25.00 to C$27.00 in a report on Monday. Raymond James lowered their price target on Air Canada from C$28.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, July 23rd. Finally, TD Securities lowered their price target on Air Canada from C$25.00 to C$19.00 in a report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$25.27.

Air Canada Price Performance

AC stock opened at C$22.18 on Tuesday. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$22.25. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. The company has a market capitalization of C$7.95 billion, a PE ratio of 4.95, a P/E/G ratio of 0.02 and a beta of 2.39. The stock’s 50 day moving average is C$16.97 and its two-hundred day moving average is C$17.42.

Insiders Place Their Bets

In other Air Canada news, Senior Officer Christophe Hennebelle purchased 1,900 shares of Air Canada stock in a transaction on Friday, August 9th. The stock was bought at an average price of C$15.70 per share, for a total transaction of C$29,830.00. 0.14% of the stock is currently owned by insiders.

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.