International Consolidated Airlines Group (OTCMKTS:ICAGY) Releases Quarterly Earnings Results, Beats Expectations By $1.09 EPS

International Consolidated Airlines Group (OTCMKTS:ICAGY) announced its quarterly earnings results on Friday. The transportation company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $1.09, Zacks reports. International Consolidated Airlines Group had a return on equity of 110.40% and a net margin of 9.52%.The company had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.95 billion.

International Consolidated Airlines Group Stock Down 10.5%

OTCMKTS:ICAGY opened at $9.70 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.65 and a current ratio of 0.68. The firm has a market cap of $22.34 billion, a P/E ratio of 2.94, a P/E/G ratio of 0.58 and a beta of 2.00. International Consolidated Airlines Group has a fifty-two week low of $5.60 and a fifty-two week high of $11.22. The firm has a 50-day simple moving average of $10.53 and a two-hundred day simple moving average of $9.65.

Analyst Ratings Changes

ICAGY has been the subject of a number of research analyst reports. The Goldman Sachs Group raised International Consolidated Airlines Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 22nd. Morgan Stanley initiated coverage on International Consolidated Airlines Group in a report on Wednesday, October 15th. They set an “overweight” rating on the stock. UBS Group lowered International Consolidated Airlines Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, August 6th. Zacks Research upgraded International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Barclays raised International Consolidated Airlines Group from an “underweight” rating to an “equal weight” rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.