Air China (AIRYY) Projected to Post Earnings on Wednesday

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

Air China Trading Up 10.6%

OTCMKTS:AIRYY opened at $13.30 on Wednesday. Air China has a fifty-two week low of $11.50 and a fifty-two week high of $19.00. The company has a debt-to-equity ratio of 4.13, a current ratio of 0.30 and a quick ratio of 0.26. The stock has a market capitalization of $11.60 billion, a PE ratio of -44.33 and a beta of 0.04. The business’s 50-day simple moving average is $15.10 and its 200-day simple moving average is $16.04.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Air China from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Air China Company Profile

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.