Air Canada (OTCMKTS:ACDVF) Issues Quarterly Earnings Results

Air Canada (OTCMKTS:ACDVF) announced its quarterly earnings data on Tuesday. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18, Zacks reports. Air Canada had a net margin of 3.45% and a return on equity of 27.71%.

Air Canada Stock Up 5.9%

Air Canada stock traded up $1.09 during mid-day trading on Tuesday, hitting $19.57. The company had a trading volume of 341,061 shares, compared to its average volume of 169,592. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. Air Canada has a 1 year low of $12.03 and a 1 year high of $19.61. The business has a fifty day moving average of $16.94 and a 200 day moving average of $15.04. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 0.58 and a beta of 1.42.

Analyst Ratings Changes

ACDVF has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research report on Wednesday, July 8th. Scotiabank reissued a “sector perform” rating on shares of Air Canada in a report on Thursday, July 16th. National Bank Financial upgraded Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Air Canada presently 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.