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

International Consolidated Airlines Group (OTCMKTS:ICAGY) posted its earnings results on Friday. The transportation company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.49, Zacks reports. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.64 billion. International Consolidated Airlines Group had a net margin of 9.52% and a return on equity of 112.24%.

International Consolidated Airlines Group Stock Performance

Shares of ICAGY opened at $11.40 on Friday. The business has a 50-day simple moving average of $11.47 and a two-hundred day simple moving average of $10.82. The company has a quick ratio of 0.65, a current ratio of 0.68 and a debt-to-equity ratio of 1.99. International Consolidated Airlines Group has a 52 week low of $5.60 and a 52 week high of $12.36. The stock has a market cap of $26.02 billion, a price-to-earnings ratio of 2.89, a PEG ratio of 0.38 and a beta of 1.63.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of International Consolidated Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, International Consolidated Airlines Group presently has a consensus rating of “Moderate Buy”.

About International Consolidated Airlines Group

International Consolidated Airlines Group (OTCMKTS:ICAGY) is a Europe-focused airline holding company formed in 2011 through the combination of British Airways and Iberia. The group owns and operates a portfolio of passenger carriers that provide short-haul, long-haul and low-cost services, together with associated aviation businesses. Its operations span international and domestic markets, with extensive networks across Europe, transatlantic routes and links to Latin America and other global destinations.

IAG’s principal airline brands include British Airways, Iberia, Aer Lingus, Vueling and LEVEL.