Air Canada (ACDVF) Projected to Post Earnings on Thursday

Air Canada (OTCMKTS:ACDVF) is expected to be issuing its results after the market closes on Thursday, October 29th. Analysts expect Air Canada to announce earnings of $0.3529 per share and revenue of $4.82 billion for the quarter.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.34 billion. On average, analysts expect Air Canada to post $0.74 EPS for the current fiscal year and $0.97 EPS for the next fiscal year.

Air Canada Price Performance

Shares of OTCMKTS:ACDVF opened at $15.70 on Wednesday. The business’s 50 day simple moving average is $18.71 and its 200-day simple moving average is $16.06. Air Canada has a 12 month low of $12.03 and a 12 month high of $22.52.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ACDVF shares. Jefferies Financial Group downgraded Air Canada from a “hold” rating to an “underperform” rating in a research note on Monday, October 19th. Scotiabank reaffirmed an “outperform” rating on shares of Air Canada in a report on Thursday, October 15th. BMO Capital Markets reiterated an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. Canaccord Genuity Group raised Air Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 22nd. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Air Canada in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Air Canada Company Profile

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger air transportation to destinations across Canada, the United States and international markets. Its network serves major regions in Europe, Asia-Pacific, Latin America, the Caribbean and other global destinations.

In addition to its mainline operations, Air Canada operates Air Canada Rouge, a leisure-focused carrier, and Air Canada Cargo, which provides air freight services. The company also offers vacation packages through Air Canada Vacations and operates Aeroplan, its travel loyalty program.