International Consolidated Airlines Group (OTCMKTS:ICAGY) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

International Consolidated Airlines Group (OTCMKTS:ICAGY) announced its earnings results on Friday. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07, Zacks reports. International Consolidated Airlines Group had a return on equity of 138.31% and a net margin of 9.12%.

International Consolidated Airlines Group Price Performance

Shares of ICAGY stock traded up $0.26 during trading hours on Friday, hitting $8.47. 69,752 shares of the company’s stock were exchanged, compared to its average volume of 142,483. International Consolidated Airlines Group has a fifty-two week low of $3.54 and a fifty-two week high of $9.11. The firm has a market cap of $20.46 billion, a P/E ratio of 2.70, a P/E/G ratio of 0.69 and a beta of 2.17. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 2.71. The firm has a 50 day moving average of $8.06 and a two-hundred day moving average of $6.46.

Analyst Ratings Changes

ICAGY has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut shares of International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, Sanford C. Bernstein downgraded International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, International Consolidated Airlines Group 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.