Air Canada (ACDVF) Projected to Announce Quarterly Earnings on Thursday

Air Canada (OTCMKTS:ACDVF) is expected to be announcing its results after the market closes on Thursday, October 29th. Analysts expect the company to announce earnings of $0.3529 per share and revenue of $4.81 billion for the quarter.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Tuesday, August 11th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. Air Canada had a return on equity of 20.11% and a net margin of 1.82%. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.34 billion. On average, analysts expect Air Canada to post $0.94 EPS for the current fiscal year and $1.24 EPS for the next fiscal year.

Air Canada Trading Up 1.3%

OTCMKTS:ACDVF opened at $15.36 on Tuesday. The stock’s 50 day moving average price is $18.83 and its 200 day moving average price is $16.05. Air Canada has a 52 week low of $12.03 and a 52 week high of $22.52. The company has a market capitalization of $3.88 billion, a P/E ratio of 15.06, a P/E/G ratio of 0.41 and a beta of 1.45. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.56 and a current ratio of 0.60.

Analyst Upgrades and Downgrades

ACDVF has been the topic of several recent research reports. National Bank Financial restated an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Air Canada in a report on Friday, August 14th. Canaccord Genuity Group upgraded Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. Scotiabank reiterated an “outperform” rating on shares of Air Canada in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Air Canada in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Air Canada

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger air transportation to destinations across Canada, the United States and international markets. Its network serves major regions in Europe, Asia-Pacific, Latin America, the Caribbean and other global destinations.

In addition to its mainline operations, Air Canada operates Air Canada Rouge, a leisure-focused carrier, and Air Canada Cargo, which provides air freight services. The company also offers vacation packages through Air Canada Vacations and operates Aeroplan, its travel loyalty program.