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

International Consolidated Airlines Group (OTCMKTS:ICAGY) issued its earnings results on Friday. The transportation company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 ICAGY stock opened at $7.86 on Friday. The business’s 50-day moving average price is $7.05 and its 200-day moving average price is $7.24. International Consolidated Airlines Group has a 12 month low of $4.01 and a 12 month high of $9.11. 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 firm has a market capitalization of $18.81 billion, a price-to-earnings ratio of 2.50, a PEG ratio of 0.69 and a beta of 2.05.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Barclays cut International Consolidated Airlines Group from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, March 12th. Finally, Sanford C. Bernstein lowered International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average 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.