Air France-KLM (AFLYY) Set to Release Quarterly Earnings on Thursday

Key Points

• Air France-KLM is scheduled to report quarterly earnings before the market opens on Thursday, November 5. Analysts expect earnings of $0.2176 per share on $11.32 billion in revenue.
• The airline exceeded expectations in its previous quarter, reporting $0.07 EPS versus a $0.05 consensus estimate and $10.67 billion in revenue. Analysts project full-year EPS of $0.39 and next-year EPS of $0.43.
• Shares opened at $1.09, near the lower end of their 52-week range, while analyst sentiment remains cautious: three analysts rate the stock Buy and six rate it Hold, producing an overall “Hold” consensus.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) is expected to be issuing its results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of $0.2176 per share and revenue of $11.32 billion for the quarter.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last released its earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. Air France-KLM had a net margin of 3.35% and a return on equity of 44.05%. The business had revenue of $10.67 billion for the quarter, compared to analysts' expectations of $10.51 billion. On average, analysts expect Air France-KLM to post $0.39 EPS for the current fiscal year and $0.43 EPS for the next fiscal year.

Air France-KLM Price Performance

Air France-KLM stock opened at $1.09 on Thursday. Air France-KLM has a 1 year low of $0.99 and a 1 year high of $1.56. The firm has a 50 day moving average price of $1.24 and a 200 day moving average price of $1.26. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 2.32 and a beta of 1.46. The company has a debt-to-equity ratio of 4.83, a quick ratio of 0.61 and a current ratio of 0.67.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AFLYY shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Citigroup reissued a "neutral" rating on shares of Air France-KLM in a research note on Monday, August 3rd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Air France-KLM in a research note on Wednesday, August 5th. Finally, Kepler Capital Markets upgraded Air France-KLM from a "reduce" rating to a "hold" rating in a report on Tuesday, August 25th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold".

About Air France-KLM

Air France-KLM is a global airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates under the Air France and KLM brands, which retain their own identities, operating certificates and hubs. Air France is based primarily at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is centered at Amsterdam Airport Schiphol.

The company provides scheduled passenger air transportation on short-, medium- and long-haul routes serving destinations across Europe, North America, Latin America, Asia, Africa and the Middle East.

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