FY2024 EPS Estimates for Air Canada Raised by Stifel Canada

Air Canada (OTCMKTS:ACDVF) – Research analysts at Stifel Canada upped their FY2024 EPS estimates for shares of Air Canada in a report released on Sunday, November 3rd. Stifel Canada analyst D. Young now expects that the company will post earnings per share of $2.67 for the year, up from their prior forecast of $1.86. Stifel Canada currently has a “Strong-Buy” rating on the stock. The consensus estimate for Air Canada’s current full-year earnings is $1.65 per share. Stifel Canada also issued estimates for Air Canada’s Q4 2024 earnings at $0.31 EPS and FY2025 earnings at $2.50 EPS.

Air Canada Trading Up 2.6 %

Shares of Air Canada stock opened at $16.00 on Wednesday. The company has a debt-to-equity ratio of 9.32, a quick ratio of 0.81 and a current ratio of 0.85. The company has a market capitalization of $5.74 billion, a P/E ratio of 3.31 and a beta of 2.05. Air Canada has a 1 year low of $10.16 and a 1 year high of $16.02. The company’s fifty day moving average is $12.49 and its two-hundred day moving average is $12.63.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.10. Air Canada had a return on equity of 133.91% and a net margin of 11.53%. The company had revenue of $4.03 billion during the quarter.

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.