Air Canada (AC) Scheduled to Post Earnings on Thursday

Air Canada (TSE:AC) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Air Canada to post earnings of C($0.15) per share for the quarter.

Air Canada (TSE:AC) last released its quarterly earnings data on Friday, February 16th. The company reported C($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.07). The company had revenue of C$5.18 billion for the quarter, compared to analyst estimates of C$5.05 billion.

Air Canada Stock Down 0.4 %

Air Canada stock opened at C$19.93 on Thursday. Air Canada has a 1-year low of C$16.04 and a 1-year high of C$26.04. The firm has a market capitalization of C$7.14 billion, a price-to-earnings ratio of 3.34, a P/E/G ratio of 0.02 and a beta of 2.42. The company has a current ratio of 1.02, a quick ratio of 1.06 and a debt-to-equity ratio of 1,741.46. The firm has a 50 day simple moving average of C$18.79 and a 200 day simple moving average of C$18.35.

Insider Buying and Selling

In other news, Senior Officer Mark Youssef Nasr acquired 2,406 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were purchased at an average price of C$18.21 per share, for a total transaction of C$43,823.37. 0.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AC shares. ATB Capital reduced their price objective on shares of Air Canada from C$33.00 to C$32.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. JPMorgan Chase & Co. raised their price target on shares of Air Canada from C$38.00 to C$41.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Royal Bank of Canada set a C$18.00 price target on shares of Air Canada and gave the company a “sector perform” rating in a report on Thursday, April 4th. Scotiabank cut their price target on shares of Air Canada from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. Finally, TD Securities raised their price target on shares of Air Canada from C$30.00 to C$34.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Air Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.35.

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.