ANA (OTCMKTS:ALNPY) Shares Gap Up on Better-Than-Expected Earnings

Shares of ANA Holdings Inc. (OTCMKTS:ALNPY) gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $3.3250, but opened at $3.57. ANA shares last traded at $3.57, with a volume of 275 shares traded.

The transportation company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.06 billion. ANA had a return on equity of 13.79% and a net margin of 6.65%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ALNPY shares. Smbc Nikko Sec. raised ANA to a “hold” rating in a research report on Friday, February 27th. Nomura cut ANA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, ANA has a consensus rating of “Hold”.

ANA Stock Down 3.8%

The firm has a fifty day moving average price of $3.82 and a 200-day moving average price of $3.87. The company has a quick ratio of 1.51, a current ratio of 1.59 and a debt-to-equity ratio of 0.69. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 7.98 and a beta of 0.46.

About ANA

All Nippon Airways Co, Ltd. (OTCMKTS: ALNPY) is a Tokyo-based airline offering passenger and cargo air transportation services. Founded in 1952, the company operates scheduled flights under its ANA brand, providing a network of domestic and international routes. In addition to core flight operations, ANA delivers ancillary services including in-flight catering, ground handling and aircraft maintenance.

ANA’s diversified business model encompasses several subsidiaries such as ANA Wings and Air Japan for regional operations, and ANA Cargo for freight services.