Air Canada (AC) Scheduled to Post Earnings on Thursday

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

Air Canada Stock Up 0.8 %

TSE AC traded up C$0.17 on Tuesday, reaching C$20.27. 738,754 shares of the stock traded hands, compared to its average volume of 2,219,487. Air Canada has a 12 month low of C$16.04 and a 12 month high of C$26.04. The company has a fifty day moving average price of C$18.89 and a 200-day moving average price of C$18.37. The company has a market cap of C$7.27 billion, a price-to-earnings ratio of 3.37, a PEG ratio of 0.02 and a beta of 2.42. The company has a debt-to-equity ratio of 1,741.46, a quick ratio of 1.06 and a current ratio of 1.02.

Insider Buying and Selling

In other Air Canada news, Senior Officer Mark Youssef Nasr bought 2,406 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were bought 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 currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AC. ATB Capital lowered their price objective on Air Canada from C$33.00 to C$32.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. National Bankshares set a C$31.00 target price on Air Canada and gave the company an “outperform” rating in a report on Tuesday, March 5th. BMO Capital Markets reissued a “buy” rating and set a C$32.00 price objective on shares of Air Canada in a research note on Tuesday, February 20th. Scotiabank reduced their target price on Air Canada from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. increased their target price on Air Canada from C$38.00 to C$41.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$30.35.

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.