Air Canada (OTCMKTS:ACDVF) Releases Earnings Results, Beats Estimates By $0.18 EPS

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

Air Canada Trading Up 5.9%

Air Canada stock 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 stock’s fifty day moving average is $16.94 and its 200 day moving average is $15.04. Air Canada has a 1-year low of $12.03 and a 1-year high of $19.61. The stock has a market capitalization of $5.48 billion, a price-to-earnings 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.

Analysts Set New Price Targets

Several research firms have weighed in on ACDVF. Scotiabank reissued a “sector perform” rating on shares of Air Canada in a research report on Thursday, July 16th. BMO Capital Markets reiterated an “outperform” rating on shares of Air Canada in a research report on Wednesday, July 8th. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, National Bank Financial raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average 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.