Air Canada (AC) to Release Earnings on Wednesday

Air Canada (TSE:AC) is set to release its earnings data before the market opens on Wednesday, August 7th. Analysts expect Air Canada to post earnings of C$0.87 per share for the quarter.

Air Canada (TSE:AC) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C($0.15) by C($0.12). The business had revenue of C$5.23 billion during the quarter, compared to the consensus estimate of C$5.13 billion.

Air Canada Price Performance

Shares of AC stock opened at C$15.91 on Thursday. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,767.66. The stock has a market capitalization of C$5.70 billion, a price-to-earnings ratio of 2.76, a P/E/G ratio of 0.02 and a beta of 2.40. Air Canada has a twelve month low of C$15.77 and a twelve month high of C$24.60. The stock has a fifty day simple moving average of C$17.36 and a two-hundred day simple moving average of C$18.27.

Analysts Set New Price Targets

Several analysts recently commented on the company. BMO Capital Markets dropped their target price on Air Canada from C$33.00 to C$28.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Jefferies Financial Group lowered their price target on Air Canada from C$20.00 to C$19.00 in a research report on Thursday, June 20th. National Bankshares lowered their price target on Air Canada from C$28.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Citigroup lowered their price target on Air Canada from C$25.00 to C$21.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada decreased their target price on Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$25.02.

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.