Air China (AIRYY) Projected to Post Quarterly Earnings on Wednesday

Air China (OTCMKTS:AIRYYGet Free Report) will likely be releasing its resultson Wednesday, April 29th. Analysts expect Air China to post earnings of ($0.4905) per share and revenue of $3.5638 billion for the quarter.

Air China (OTCMKTS:AIRYYGet Free Report) last released its quarterly earnings data on Friday, March 27th. The transportation company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.70). The business had revenue of $12.63 billion during the quarter, compared to analyst estimates of $12.63 billion. Air China had a negative net margin of 1.05% and a negative return on equity of 4.57%.

Air China Price Performance

AIRYY stock opened at $13.30 on Monday. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 4.13. The firm has a market capitalization of $11.60 billion, a PE ratio of -44.33 and a beta of 0.04. Air China has a 1-year low of $11.50 and a 1-year high of $19.00. The business’s 50 day simple moving average is $14.76 and its 200 day simple moving average is $16.02.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Air China from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Get Our Latest Analysis on Air China

About Air China

(Get Free Report)

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.

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Earnings History for Air China (OTCMKTS:AIRYY)

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