International Consolidated Airlines Group (OTCMKTS:ICAGY) Issues Earnings Results

International Consolidated Airlines Group (OTCMKTS:ICAGY) released its quarterly earnings results on Friday. The transportation company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05), Zacks reports. International Consolidated Airlines Group had a return on equity of 79.81% and a net margin of 9.21%.

International Consolidated Airlines Group Price Performance

Shares of ICAGY traded up $0.07 during mid-day trading on Friday, hitting $11.67. The company’s stock had a trading volume of 117,170 shares, compared to its average volume of 137,153. The firm has a 50-day moving average price of $11.32 and a 200 day moving average price of $11.22. The stock has a market capitalization of $25.47 billion, a price-to-earnings ratio of 2.81, a PEG ratio of 0.97 and a beta of 1.83. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.77 and a quick ratio of 0.73. International Consolidated Airlines Group has a fifty-two week low of $9.10 and a fifty-two week high of $13.07.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered International Consolidated Airlines Group from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About International Consolidated Airlines Group

International Consolidated Airlines Group SA (OTCMKTS:ICAGY), commonly known as IAG, is an international airline holding company formed in 2011 through the merger of British Airways and Iberia. Headquartered in London and Madrid, IAG manages a portfolio of airline brands that operate under distinct identities while benefiting from shared resources and group-wide capabilities.

IAG’s principal airlines include British Airways, Iberia, Aer Lingus, Vueling and LEVEL. These carriers provide scheduled passenger air services across short-haul and long-haul markets, serving destinations throughout Europe, North America, Latin America, Asia, Africa and the Middle East.