International Consolidated Airlines Group (OTCMKTS:ICAGY) Posts Earnings Results, Beats Estimates By $0.15 EPS

International Consolidated Airlines Group (OTCMKTS:ICAGY) released its quarterly earnings results on Friday. The transportation company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.15, Zacks reports. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.41 billion. International Consolidated Airlines Group had a net margin of 10.21% and a return on equity of 98.60%.

International Consolidated Airlines Group Stock Performance

Shares of OTCMKTS:ICAGY traded down $0.35 during midday trading on Friday, reaching $10.53. The company’s stock had a trading volume of 89,203 shares, compared to its average volume of 102,586. The firm has a market capitalization of $23.81 billion, a PE ratio of 2.67, a P/E/G ratio of 0.65 and a beta of 1.60. International Consolidated Airlines Group has a twelve month low of $7.82 and a twelve month high of $12.36. The stock has a fifty day moving average of $10.16 and a 200 day moving average of $10.69. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.48.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ICAGY shares. Barclays raised shares of International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Zacks Research cut shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

International Consolidated Airlines Group Company Profile

International Consolidated Airlines Group (OTCMKTS:ICAGY) is a Europe-focused airline holding company formed in 2011 through the combination of British Airways and Iberia. The group owns and operates a portfolio of passenger carriers that provide short-haul, long-haul and low-cost services, together with associated aviation businesses. Its operations span international and domestic markets, with extensive networks across Europe, transatlantic routes and links to Latin America and other global destinations.

IAG’s principal airline brands include British Airways, Iberia, Aer Lingus, Vueling and LEVEL.