FY2025 EPS Estimates for Air Canada (TSE:AC) Lowered by National Bank Financial

Air Canada (TSE:AC) – Equities research analysts at National Bank Financial dropped their FY2025 earnings estimates for shares of Air Canada in a report issued on Monday, July 22nd. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $2.36 per share for the year, down from their previous estimate of $2.62. The consensus estimate for Air Canada’s current full-year earnings is $3.19 per share.

Air Canada (TSE:AC) last issued its earnings results on Thursday, May 2nd. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The business had revenue of C$5.23 billion during the quarter, compared to the consensus estimate of C$5.13 billion.

A number of other equities research analysts have also recently issued reports on the company. TD Securities cut their target price on Air Canada from C$25.00 to C$19.00 in a research note on Wednesday. Jefferies Financial Group decreased their target price on shares of Air Canada from C$20.00 to C$19.00 in a research report on Thursday, June 20th. CIBC dropped their price target on shares of Air Canada from C$28.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday. Royal Bank of Canada decreased their price objective on Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a report on Tuesday. Finally, BMO Capital Markets cut their target price on Air Canada from C$33.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$25.52.

Air Canada Trading Up 0.7 %

TSE:AC opened at C$16.15 on Wednesday. The firm has a market capitalization of C$5.79 billion, a P/E ratio of 2.80, a P/E/G ratio of 0.02 and a beta of 2.40. The business has a 50 day simple moving average of C$17.57 and a 200 day simple moving average of C$18.37. The company has a debt-to-equity ratio of 1,767.66, a current ratio of 0.85 and a quick ratio of 1.06. Air Canada has a 12-month low of C$15.93 and a 12-month high of C$24.94.

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.