Air Canada (TSE:AC – Free Report) – Investment analysts at National Bank Financial reduced their Q1 2024 earnings estimates for Air Canada in a research report issued to clients and investors on Wednesday, April 17th. National Bank Financial analyst C. Doerksen now expects that the company will earn ($0.16) per share for the quarter, down from their prior estimate of ($0.14). The consensus estimate for Air Canada’s current full-year earnings is $2.95 per share. National Bank Financial also issued estimates for Air Canada’s FY2025 earnings at $2.97 EPS.
Air Canada (TSE:AC – Get Free Report) last issued its earnings results on Friday, February 16th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.07). The business had revenue of C$5.18 billion for the quarter, compared to analysts’ expectations of C$5.05 billion.
Read Our Latest Report on Air Canada
Air Canada Trading Up 1.6 %
Shares of TSE AC opened at C$19.90 on Monday. The company has a market cap of C$7.13 billion, a price-to-earnings ratio of 3.34, a price-to-earnings-growth ratio of 0.02 and a beta of 2.42. The stock’s 50 day simple moving average is C$18.74 and its 200 day simple moving average is C$18.33. The company has a current ratio of 1.02, a quick ratio of 1.06 and a debt-to-equity ratio of 1,741.46. Air Canada has a 12-month low of C$16.04 and a 12-month high of C$26.04.
Insider Activity at Air Canada
In related news, Senior Officer Mark Youssef Nasr bought 2,406 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were bought at an average cost of C$18.21 per share, with a total value of C$43,823.37. Company insiders own 0.17% of the company’s stock.
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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