International Consolidated Airlines Group (ICAGY) Expected to Announce Earnings on Friday

International Consolidated Airlines Group (OTCMKTS:ICAGY) will likely be posting its quarterly earnings results on Friday, May 9th. Analysts expect International Consolidated Airlines Group to post earnings of ($0.01) per share and revenue of $6.85 billion for the quarter.

International Consolidated Airlines Group (OTCMKTS:ICAGY) last posted its quarterly earnings results on Friday, February 28th. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07. The company had revenue of $8.58 billion for the quarter, compared to analyst estimates of $7.62 billion. International Consolidated Airlines Group had a net margin of 9.12% and a return on equity of 138.31%. On average, analysts expect International Consolidated Airlines Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

International Consolidated Airlines Group Stock Up 1.5 %

ICAGY opened at $7.46 on Wednesday. International Consolidated Airlines Group has a 12 month low of $4.01 and a 12 month high of $9.11. The company has a market cap of $17.85 billion, a PE ratio of 2.38, 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 company has a 50 day moving average of $7.10 and a 200 day moving average of $7.19.

Analyst Upgrades and Downgrades

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