Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down - Here's What Happened

Key Points

• Air France-KLM shares opened lower, falling from a prior close of $1.3790 to $1.31 in Thursday trading, with 1,391 shares changing hands.
• Analyst sentiment remains mixed: three analysts rate the stock a Buy, five recommend Hold, and one rates it Sell. MarketBeat’s overall consensus rating is Hold, including a recent downgrade from Kepler Capital Markets.
• The company exceeded quarterly expectations, reporting $0.07 in earnings per share versus a $0.05 estimate and $10.67 billion in revenue versus $10.51 billion expected. However, its balance sheet shows elevated leverage, with a debt-to-equity ratio of 4.26 and a current ratio of 0.72.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $1.3790, but opened at $1.31. Air France-KLM shares last traded at $1.31, with a volume of 1,391 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley reissued an "overweight" rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Citigroup reiterated a "neutral" rating on shares of Air France-KLM in a report on Monday, August 3rd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Air France-KLM in a research report on Monday, June 22nd. Finally, Kepler Capital Markets downgraded shares of Air France-KLM from a "hold" rating to a "reduce" rating in a research note on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold".

Air France-KLM Stock Performance

The company has a debt-to-equity ratio of 4.26, a quick ratio of 0.66 and a current ratio of 0.72. The business's 50-day moving average is $1.39 and its 200-day moving average is $1.27. The company has a market capitalization of $3.59 billion, a PE ratio of 2.90, a PEG ratio of 0.21 and a beta of 1.40.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. Air France-KLM had a net margin of 3.35% and a return on equity of 45.11%. The business had revenue of $10.67 billion for the quarter, compared to analysts' expectations of $10.51 billion. On average, research analysts anticipate that Air France-KLM SA will post 0.44 earnings per share for the current year.

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.

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