FY2025 EPS Estimates for Air Canada (TSE:AC) Lowered by National Bank Financial

Air Canada (TSE:AC) – National Bank Financial cut their FY2025 earnings per share (EPS) estimates for Air Canada in a report issued on Monday, July 22nd. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $2.36 for the year, down from their prior estimate of $2.62. The consensus estimate for Air Canada’s current full-year earnings is $3.19 per share.

Other research analysts have also recently issued research reports about the stock. Cormark decreased their target price on shares of Air Canada from C$25.50 to C$21.25 in a research report on Tuesday. Raymond James dropped their target price on shares of Air Canada from C$28.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday. CIBC cut their price objective on Air Canada from C$28.00 to C$25.00 and set an “outperform” rating on the stock in a report on Tuesday. ATB Capital lowered their target price on Air Canada from C$33.00 to C$28.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, National Bankshares cut their price target on shares of Air Canada from C$28.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Monday. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.52.

Air Canada Stock Performance

Shares of Air Canada stock opened at C$16.15 on Wednesday. The firm has a market cap of C$5.79 billion, a PE ratio of 2.80, a price-to-earnings-growth ratio of 0.02 and a beta of 2.40. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,767.66. Air Canada has a 52 week low of C$15.93 and a 52 week high of C$24.94. The business’s fifty day simple moving average is C$17.57 and its 200-day simple moving average is C$18.37.

Air Canada (TSE:AC) last released its quarterly earnings results on Thursday, May 2nd. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C($0.15) by C($0.12). The firm had revenue of C$5.23 billion for the quarter, compared to analysts’ expectations of C$5.13 billion.

About Air Canada

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.