International Consolidated Airlines Group (OTCMKTS:ICAGY) Announces Quarterly Earnings Results, Beats Estimates By $0.67 EPS

International Consolidated Airlines Group (OTCMKTS:ICAGY) released its quarterly earnings results on Friday. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.67, reports. International Consolidated Airlines Group had a return on equity of 197.29% and a net margin of 9.14%. The firm had revenue of $8.93 billion for the quarter, compared to analyst estimates of $9.03 billion.

International Consolidated Airlines Group Stock Performance

Shares of OTCMKTS:ICAGY traded down $0.09 during trading hours on Monday, hitting $4.15. The stock had a trading volume of 98,344 shares, compared to its average volume of 67,957. The stock’s fifty day simple moving average is $4.28 and its 200 day simple moving average is $4.12. International Consolidated Airlines Group has a 1-year low of $3.28 and a 1-year high of $4.63. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 1.41, a PEG ratio of 0.89 and a beta of 2.19. The company has a debt-to-equity ratio of 4.22, a quick ratio of 0.60 and a current ratio of 0.63.

Analyst Ratings Changes

A number of brokerages recently commented on ICAGY. Hsbc Global Res upgraded shares of International Consolidated Airlines Group to a “hold” rating in a research report on Friday, July 12th. HSBC downgraded International Consolidated Airlines Group from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, Morgan Stanley raised shares of International Consolidated Airlines Group from an “underweight” rating to an “overweight” rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.

International Consolidated Airlines Group Company Profile

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.