Air Canada (ACDVF) to Announce Quarterly Earnings on Tuesday

Air Canada (OTCMKTS:ACDVF) will likely be announcing its results after the market closes on Tuesday, August 11th. Analysts expect Air Canada to post earnings of $0.09 per share and revenue of $4.3417 billion for the quarter.

Air Canada Price Performance

Shares of ACDVF stock traded up $0.35 on Tuesday, hitting $18.85. 26,646 shares of the company’s stock were exchanged, compared to its average volume of 167,241. The stock has a market cap of $5.28 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 0.52 and a beta of 1.42. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.56 and a quick ratio of 0.53. Air Canada has a 12 month low of $12.03 and a 12 month high of $19.00. The company has a 50 day moving average of $16.63 and a 200 day moving average of $14.86.

Wall Street Analyst Weigh In

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

Air Canada Company Profile

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.