FY2024 Earnings Forecast for Air Canada Issued By Scotiabank

Air Canada (OTCMKTS:ACDVF) – Scotiabank issued their FY2024 earnings per share (EPS) estimates for Air Canada in a research note issued on Wednesday, January 8th. Scotiabank analyst K. Gupta expects that the company will earn $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 released its earnings results on Friday, November 1st. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.72. Air Canada had a return on equity of 82.89% and a net margin of 11.53%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.48 billion.

Separately, Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 3rd.

Air Canada Price Performance

OTCMKTS ACDVF opened at $15.10 on Friday. Air Canada has a 1 year low of $10.16 and a 1 year high of $18.56. The business’s fifty day moving average is $16.56 and its two-hundred day moving average is $13.66. The stock has a market capitalization of $5.28 billion, a P/E ratio of 3.12 and a beta of 2.12. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.89 and a current ratio of 0.92.

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.