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

International Consolidated Airlines Group (OTCMKTS:ICAGY) issued 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. The business had revenue of $8.93 billion during the quarter, compared to analyst estimates of $9.03 billion. International Consolidated Airlines Group had a return on equity of 197.29% and a net margin of 9.14%.

International Consolidated Airlines Group Price Performance

OTCMKTS:ICAGY traded down $0.09 during trading hours on Monday, reaching $4.15. The stock had a trading volume of 98,344 shares, compared to its average volume of 67,957. The stock has a market capitalization of $4.08 billion, a PE ratio of 1.41, a PEG ratio of 0.89 and a beta of 2.19. International Consolidated Airlines Group has a 52 week low of $3.28 and a 52 week high of $4.63. The company has a 50 day moving average price of $4.28 and a two-hundred day moving average price of $4.12. 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

ICAGY has been the topic of several recent analyst reports. HSBC downgraded International Consolidated Airlines Group from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Hsbc Global Res raised shares of International Consolidated Airlines Group to a “hold” rating in a 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, International Consolidated Airlines Group presently has a consensus rating of “Moderate Buy” and an average 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.