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

International Consolidated Airlines Group (OTCMKTS:ICAGY) announced its earnings results on Friday. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.15, Zacks reports. The business had revenue of $8.40 billion for the quarter, compared to analyst estimates 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

OTCMKTS:ICAGY traded down $0.35 during midday trading on Friday, reaching $10.53. The stock had a trading volume of 89,203 shares, compared to its average volume of 102,586. The firm has a fifty day simple moving average of $10.16 and a two-hundred day simple moving average of $10.69. International Consolidated Airlines Group has a 12-month low of $7.82 and a 12-month high of $12.36. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.48. The stock has a market cap of $23.81 billion, a P/E ratio of 2.67, a P/E/G ratio of 0.65 and a beta of 1.60.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ICAGY. Zacks Research lowered shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Barclays upgraded shares of International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Four research 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’s stock. Based on data from MarketBeat, International Consolidated Airlines Group currently has a consensus 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.