Air France-KLM (OTCMKTS:AFLYY) Shares Gap Up Following Strong Earnings

Air France-KLM SA (OTCMKTS:AFLYY) gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $1.33, but opened at $1.4450. Air France-KLM shares last traded at $1.4350, with a volume of 183,600 shares trading hands.

The transportation company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.19. Air France-KLM had a net margin of 3.21% and a return on equity of 82.86%.

Analyst Ratings Changes

A number of research firms have recently weighed in on AFLYY. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research note on Thursday, December 11th. Barclays downgraded Air France-KLM from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 14th. Royal Bank Of Canada initiated coverage on shares of Air France-KLM in a research note on Tuesday, January 20th. They issued a “hold” rating for the company. Oddo Bhf raised shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. upgraded shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Air France-KLM Price Performance

The firm has a market cap of $3.77 billion, a P/E ratio of 3.59, a price-to-earnings-growth ratio of 0.09 and a beta of 1.28. The stock’s 50-day moving average is $1.29 and its 200-day moving average is $1.35. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 5.64.

About Air France-KLM

Air France-KLM is a leading European airline group formed in 2004 through the merger of France’s flagship carrier Air France and the Netherlands’ national airline KLM Royal Dutch Airlines. Headquartered in Paris and Amstelveen, the group provides passenger, cargo and maintenance services across a global network, connecting major hubs in Europe, North America, Asia, Africa and Latin America.

The company’s primary business activities include scheduled passenger transport on short, medium and long-haul routes; air freight operations under Air France-KLM Cargo; and technical support and maintenance services through AFI KLM E&M.