Scotiabank Predicts Air Canada’s FY2026 Earnings (TSE:AC)

Air Canada (TSE:AC) – Research analysts at Scotiabank raised their FY2026 earnings per share estimates for Air Canada in a report released on Wednesday, August 19th. Scotiabank analyst K. Gupta now anticipates that the company will post earnings of $1.50 per share for the year, up from their prior forecast of $1.40. Scotiabank has a “Sector Outperform” rating and a $33.50 price objective on the stock. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share. Scotiabank also issued estimates for Air Canada’s FY2027 earnings at $2.04 EPS.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada upped their target price on shares of Air Canada from C$28.00 to C$37.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. BMO Capital Markets lifted their price target on shares of Air Canada from C$30.00 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Stifel Nicolaus boosted their price target on shares of Air Canada from C$30.00 to C$38.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Air Canada from C$27.00 to C$23.00 in a report on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Air Canada from C$26.00 to C$40.00 in a research report on Friday, August 14th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$32.29.

Air Canada Stock Down 1.3%

Shares of TSE:AC opened at C$28.81 on Friday. The business has a 50-day moving average price of C$25.13 and a 200 day moving average price of C$21.41. The company has a current ratio of 0.60, a quick ratio of 1.05 and a debt-to-equity ratio of 478.10. The company has a market capitalization of C$8.07 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 0.02 and a beta of 2.02. Air Canada has a 12-month low of C$16.45 and a 12-month high of C$31.45.

Air Canada (TSE:AC) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.40 EPS for the quarter. The business had revenue of C$6.27 billion for the quarter. Air Canada had a return on equity of 16.92% and a net margin of 1.82%.

Air Canada Company Profile

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world’s largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.