International Consolidated Airlines Group (OTCMKTS:ICAGY) Posts Earnings Results, Beats Estimates By $0.07 EPS

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

International Consolidated Airlines Group Stock Up 3.2 %

Shares of ICAGY traded up $0.26 during trading hours on Friday, hitting $8.47. The company had a trading volume of 69,752 shares, compared to its average volume of 142,483. International Consolidated Airlines Group has a one year low of $3.54 and a one year high of $9.11. The company’s fifty day moving average price is $8.06 and its two-hundred day moving average price is $6.46. The company has a market capitalization of $20.46 billion, a PE ratio of 2.70, a price-to-earnings-growth ratio of 0.69 and a beta of 2.17. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 2.71.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group lowered International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upgraded International Consolidated Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, Sanford C. Bernstein lowered International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average 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.