Air Canada (OTCMKTS:ACDVF) Issues Earnings Results

Air Canada (OTCMKTS:ACDVF) released its quarterly earnings results on Tuesday. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18, Zacks reports. Air Canada had a return on equity of 27.71% and a net margin of 3.45%.

Air Canada Stock Up 5.9%

Shares of OTCMKTS:ACDVF traded up $1.09 during trading on Tuesday, hitting $19.57. The company’s stock had a trading volume of 341,061 shares, compared to its average volume of 169,592. The business has a 50 day moving average price of $16.94 and a two-hundred day moving average price of $15.04. The company has a market capitalization of $5.48 billion, a PE ratio of 10.58, a P/E/G ratio of 0.58 and a beta of 1.42. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56. Air Canada has a fifty-two week low of $12.03 and a fifty-two week high of $19.61.

Wall Street Analyst Weigh In

ACDVF has been the topic of several research analyst reports. Scotiabank reiterated a “sector perform” rating on shares of Air Canada in a report on Thursday, July 16th. Zacks Research upgraded Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research report on Wednesday, July 8th. Finally, National Bank Financial raised Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About Air Canada

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.