Air China (OTCMKTS:AIRYY) Releases Earnings Results, Beats Estimates By $0.79 EPS

Air China (OTCMKTS:AIRYY) announced its earnings results on Thursday. The transportation company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.73) by $0.79, Zacks reports. The company had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.57 billion. Air China had a negative net margin of 1.31% and a negative return on equity of 6.03%.

Air China Stock Performance

Air China stock remained flat at $9.27 during midday trading on Friday. The company had a trading volume of 1 shares, compared to its average volume of 194. The firm has a 50 day moving average price of $9.57 and a 200-day moving average price of $12.38. Air China has a fifty-two week low of $8.60 and a fifty-two week high of $19.00. The company has a market cap of $8.09 billion, a price-to-earnings ratio of -23.77 and a beta of 0.13.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Air China to a “hold” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Air China Company Profile

Air China Limited is a China-based commercial airline and the country’s national flag carrier. The company provides scheduled passenger air transportation, air cargo services and related aviation services through its principal operating brands, including Air China.

Headquartered in Beijing, Air China serves destinations across mainland China and connects the country with international markets in Asia, Europe, North America, Oceania and other regions. Its operations include domestic and long-haul international flights, as well as services related to freight transportation, aircraft maintenance and airline catering.

Air China was established in 1988 and has developed into one of China’s largest airlines.