Air China (OTCMKTS:AIRYY) Announces Quarterly Earnings Results
by Jessica Moore · The Cerbat GemAir China (OTCMKTS:AIRYY – Get Free Report) announced its quarterly earnings results on Wednesday. The transportation company reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.73) by $1.02, Zacks reports. Air China had a net margin of 1.12% and a return on equity of 5.01%. The firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $2.39 billion.
Air China Price Performance
Shares of AIRYY remained flat at $12.20 during trading hours on Friday. 2 shares of the stock were exchanged, compared to its average volume of 98. The firm has a 50 day moving average price of $14.22 and a two-hundred day moving average price of $15.97. The stock has a market cap of $10.64 billion, a P/E ratio of 38.13 and a beta of 0.04. Air China has a 52-week low of $11.50 and a 52-week high of $19.00. The company has a debt-to-equity ratio of 4.13, a current ratio of 0.30 and a quick ratio of 0.26.
Analysts Set New Price Targets
Separately, Zacks Research cut shares of Air China from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.
View Our Latest Analysis on AIRYY
About Air China
Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.
The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.