Air Canada (TSE:AC – Free Report) – Equities researchers at National Bank Financial decreased their Q3 2024 EPS estimates for shares of Air Canada in a research report issued to clients and investors on Tuesday, September 24th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $1.30 per share for the quarter, down from their previous estimate of $1.40. The consensus estimate for Air Canada’s current full-year earnings is $2.83 per share. National Bank Financial also issued estimates for Air Canada’s FY2025 earnings at $2.08 EPS.
Air Canada (TSE:AC – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.13. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. The business had revenue of C$5.52 billion during the quarter, compared to the consensus estimate of C$5.55 billion.
Read Our Latest Research Report on Air Canada
Air Canada Stock Performance
Shares of AC opened at C$16.67 on Thursday. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. The firm has a market cap of C$5.98 billion, a PE ratio of 3.72, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$20.47. The stock has a fifty day moving average price of C$15.84 and a 200-day moving average price of C$17.56.
Insider Activity at Air Canada
In other news, Senior Officer Christophe Hennebelle purchased 1,900 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is owned by company insiders.
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.
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