Air France-KLM (OTCMKTS:AFLYY) Announces Quarterly Earnings Results

Air France-KLM (OTCMKTS:AFLYYGet Rating) released its quarterly earnings results on Friday. The transportation company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.07, reports. The company had revenue of $7.15 billion for the quarter.

Air France-KLM Price Performance

AFLYY traded up $0.04 on Friday, reaching $1.43. The company’s stock had a trading volume of 274,144 shares, compared to its average volume of 65,616. Air France-KLM has a 1 year low of $1.15 and a 1 year high of $5.56. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $2.40 and its 200 day moving average is $3.70.

Air France-KLM Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, June 28th. Investors of record on Thursday, June 30th were issued a $1.5641 dividend. This represents a yield of 49.65%. The ex-dividend date was Wednesday, June 29th.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group reduced their target price on Air France-KLM from €2.10 ($2.14) to €1.90 ($1.94) and set a “neutral” rating on the stock in a research report on Tuesday, June 7th. Barclays dropped their price objective on shares of Air France-KLM from €4.60 ($4.69) to €4.00 ($4.08) and set an “equal weight” rating for the company in a research note on Friday, April 22nd. HSBC started coverage on shares of Air France-KLM in a research report on Monday, June 20th. They set a “hold” rating for the company. Morgan Stanley decreased their price target on shares of Air France-KLM from €2.02 ($2.06) to €1.70 ($1.73) in a report on Tuesday, May 31st. Finally, Citigroup upped their price objective on Air France-KLM from €4.20 ($4.29) to €4.40 ($4.49) in a report on Tuesday, April 26th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $2.93.

About Air France-KLM

(Get Rating)

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services on scheduled flights in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through Network, Maintenance, Transavia, and Other segments. It also offers airframe and engine maintenance services; component support services comprising electronic, mechanical, pneumatic, hydraulic, etc.; and other services, as well as operates point-to-point flights to/from the Netherlands and France.

Read More

Earnings History for Air France-KLM (OTCMKTS:AFLYY)

Receive News & Ratings for Air France-KLM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air France-KLM and related companies with MarketBeat.com's FREE daily email newsletter.