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

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped up prior to trading on Thursday following a stronger than expected earnings report. 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.

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

Wall Street Analysts Forecast Growth

AFLYY has been the subject of several recent research reports. Oddo Bhf raised shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a research note on Friday, February 6th. Royal Bank Of Canada initiated coverage on Air France-KLM in a research report on Tuesday, January 20th. They set a “hold” rating for the company. JPMorgan Chase & Co. upgraded Air France-KLM from a “neutral” rating to an “overweight” rating in a report on Monday, December 1st. Barclays downgraded Air France-KLM from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 14th. Finally, Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Air France-KLM Stock Performance

The firm’s fifty day moving average is $1.29 and its 200 day moving average is $1.35. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 3.59, a PEG ratio of 0.09 and a beta of 1.28. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.65 and a quick ratio of 0.60.

Air France-KLM Company Profile

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.