Air Canada FY2024 EPS Forecast Boosted by Atb Cap Markets

Air Canada (OTCMKTS:ACDVF) – Investment analysts at Atb Cap Markets increased their FY2024 earnings estimates for Air Canada in a report issued on Tuesday, December 17th. Atb Cap Markets analyst C. Murray now expects that the company will earn $2.36 per share for the year, up from their prior estimate of $2.29. The consensus estimate for Air Canada’s current full-year earnings is $2.51 per share. Atb Cap Markets also issued estimates for Air Canada’s Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $1.58 EPS and FY2026 earnings at $1.43 EPS.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings data on Friday, November 1st. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.72. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.48 billion. Air Canada had a net margin of 11.53% and a return on equity of 82.89%.

Separately, Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 3rd.

Air Canada Stock Performance

Shares of ACDVF opened at $15.24 on Friday. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 3.15 and a beta of 2.10. Air Canada has a 52-week low of $10.16 and a 52-week high of $18.56. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The stock has a 50 day moving average price of $16.00 and a 200 day moving average price of $13.41.

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.