Scotiabank Predicts Air Canada FY2024 Earnings

Air Canada (OTCMKTS:ACDVF) – Equities research analysts at Scotiabank issued their FY2024 earnings per share estimates for shares of Air Canada in a research note issued on Wednesday, January 8th. Scotiabank analyst K. Gupta anticipates that the company will earn $2.44 per share for the year. The consensus estimate for Air Canada’s current full-year earnings is $2.51 per share. Scotiabank also issued estimates for Air Canada’s FY2025 earnings at $1.42 EPS.

Air Canada (OTCMKTS:ACDVF) last released its earnings results on Friday, November 1st. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.16 by $0.72. Air Canada had a return on equity of 82.89% and a net margin of 11.53%. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.48 billion.

Separately, Stifel Canada raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd.

Air Canada Stock Performance

Shares of Air Canada stock opened at $15.20 on Friday. Air Canada has a 1 year low of $10.16 and a 1 year high of $18.56. The firm’s 50-day moving average is $16.56 and its 200 day moving average is $13.68. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 3.14 and a beta of 2.12. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.89.

Air Canada Company Profile

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.