International Consolidated Airlines Group (OTCMKTS:ICAGY) Releases Earnings Results, Beats Expectations By $0.06 EPS

International Consolidated Airlines Group (OTCMKTS:ICAGY) announced its earnings results on Friday. The transportation company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06, Zacks reports. The business had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $6.85 billion. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%.

International Consolidated Airlines Group Stock Performance

Shares of International Consolidated Airlines Group stock opened at $7.86 on Friday. The firm has a market capitalization of $18.81 billion, a P/E ratio of 2.50, a price-to-earnings-growth ratio of 0.69 and a beta of 2.05. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 2.71. The business’s fifty day simple moving average is $7.05 and its 200 day simple moving average is $7.24. International Consolidated Airlines Group has a 12 month low of $4.01 and a 12 month high of $9.11.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Sanford C. Bernstein lowered shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Barclays cut shares of International Consolidated Airlines Group from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, March 12th. Finally, The Goldman Sachs Group lowered International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, International Consolidated Airlines Group has a consensus rating of “Hold”.

About International Consolidated Airlines Group

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.