Air Canada (OTCMKTS:ACDVF) Posts Quarterly Earnings Results, Beats Estimates By $0.25 EPS

Air Canada (OTCMKTS:ACDVF) released its earnings results on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.25, Zacks reports. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $3.96 billion. Air Canada had a return on equity of 27.71% and a net margin of 3.45%.

Air Canada Stock Performance

ACDVF opened at $13.44 on Friday. The stock’s 50 day simple moving average is $13.48 and its 200-day simple moving average is $13.69. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32. The stock has a market cap of $3.86 billion, a PE ratio of 9.27, a P/E/G ratio of 1.97 and a beta of 1.38. Air Canada has a 1 year low of $10.45 and a 1 year high of $17.25.

Analysts Set New Price Targets

ACDVF has been the topic of several research analyst reports. Canaccord Genuity Group downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. ATB Cormark Capital Markets cut shares of Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Zacks Research downgraded shares of Air Canada from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Scotiabank lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a report on Sunday, February 15th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Air Canada Company Profile

Air Canada is the largest airline in Canada and one of the leading carriers in North America. Founded in 1937 as Trans-Canada Air Lines and rebranded as Air Canada in 1965, the company operates scheduled passenger and cargo services on six continents. The airline maintains membership in the Star Alliance network, offering seamless connections and coordinated loyalty benefits to travelers worldwide.

Through its mainline operations and subsidiaries—including Air Canada Rouge, Air Canada Cargo and Air Canada Vacations—the company provides a broad range of services.