FY2024 EPS Estimates for Air Canada Lifted by Stifel Canada

Air Canada (OTCMKTS:ACDVF) – Analysts at Stifel Canada raised their FY2024 earnings per share estimates for Air Canada in a research report issued 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 forecast 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 Stock Performance

OTCMKTS:ACDVF opened at $16.00 on Wednesday. Air Canada has a 52 week low of $10.16 and a 52 week high of $16.02. The company has a fifty day simple moving average of $12.49 and a two-hundred day simple moving average of $12.63. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 9.32. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 3.31 and a beta of 2.05.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.10. The firm had revenue of $4.03 billion during the quarter. Air Canada had a net margin of 11.53% and a return on equity of 133.91%.

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.