What is Cormark’s Forecast for Air Canada Q2 Earnings?

Air Canada (TSE:AC) – Equities research analysts at Cormark raised their Q2 2025 EPS estimates for Air Canada in a report issued on Monday, November 4th. Cormark analyst D. Ocampo now expects that the company will earn $1.32 per share for the quarter, up from their prior forecast of $1.20. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share.

A number of other research analysts have also weighed in on the company. National Bankshares increased their price objective on Air Canada from C$22.00 to C$27.00 in a report on Monday. Scotiabank lifted their price objective on shares of Air Canada from C$24.00 to C$26.50 in a research note on Monday. CIBC increased their price objective on shares of Air Canada from C$25.00 to C$27.00 in a research note on Monday. Stifel Nicolaus upgraded shares of Air Canada from a “hold” rating to a “buy” rating and boosted their target price for the company from C$20.00 to C$25.50 in a research report on Monday. Finally, BMO Capital Markets increased their price target on Air Canada from C$28.00 to C$29.00 in a research report on Monday. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Air Canada presently has an average rating of “Moderate Buy” and a consensus price target of C$24.98.

Air Canada Price Performance

Shares of AC opened at C$21.74 on Tuesday. The firm has a market capitalization of C$7.79 billion, a PE ratio of 4.85, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06. The company’s fifty day moving average price is C$16.84 and its 200-day moving average price is C$17.41. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$21.97.

Air Canada (TSE:AC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.13. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. The business had revenue of C$5.52 billion for the quarter, compared to analyst estimates of C$5.55 billion.

Insider Activity at Air Canada

In other Air Canada news, Senior Officer Christophe Hennebelle acquired 1,900 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired 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 currently owned by company insiders.

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.