Air Canada (AC) Scheduled to Post Earnings on Thursday

Air Canada (TSE:AC) will post its quarterly 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 announced its earnings results 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 company had revenue of C$5.18 billion during the quarter, compared to the consensus estimate of C$5.05 billion.

Air Canada Trading Down 0.4 %

Shares of TSE:AC opened at C$19.93 on Thursday. The business’s 50-day moving average is C$18.79 and its 200 day moving average is C$18.35. Air Canada has a 1 year low of C$16.04 and a 1 year high of C$26.04. The firm has a market capitalization of C$7.14 billion, a P/E ratio of 3.34, a P/E/G ratio of 0.02 and a beta of 2.42. The company has a debt-to-equity ratio of 1,741.46, a current ratio of 1.02 and a quick ratio of 1.06.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. National Bankshares set a C$31.00 target price on Air Canada and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Scotiabank reduced their target price on Air Canada from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. BMO Capital Markets reiterated a “buy” rating and set a C$32.00 price target on shares of Air Canada in a research note on Tuesday, February 20th. Royal Bank of Canada set a C$18.00 price target on Air Canada and gave the company a “sector perform” rating in a research note on Thursday, April 4th. Finally, Canaccord Genuity Group boosted their price target on Air Canada from C$31.00 to C$32.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$30.35.

Insider Transactions at Air Canada

In related news, Senior Officer Mark Youssef Nasr bought 2,406 shares of the stock in a transaction dated Thursday, February 29th. The shares were purchased at an average price of C$18.21 per share, for a total transaction of C$43,823.37. Company insiders own 0.17% of the company’s stock.

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.