Amadeus IT Group (OTCMKTS:AMADY) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Amadeus IT Group (OTCMKTS:AMADY) released its quarterly earnings results on Friday. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.07, Zacks reports. Amadeus IT Group had a return on equity of 27.61% and a net margin of 20.45%.The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.92 billion.

Amadeus IT Group Stock Up 0.7%

OTCMKTS AMADY traded up $0.43 during trading on Friday, reaching $61.09. The company’s stock had a trading volume of 186,767 shares, compared to its average volume of 233,403. The business has a 50-day moving average price of $59.04 and a 200-day moving average price of $66.82. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.52. Amadeus IT Group has a 1-year low of $54.75 and a 1-year high of $85.89. The stock has a market capitalization of $27.52 billion, a PE ratio of 18.02, a PEG ratio of 2.45 and a beta of 0.77.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AMADY shares. Jefferies Financial Group reissued a “buy” rating on shares of Amadeus IT Group in a research note on Friday. Citigroup downgraded Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

About Amadeus IT Group

Amadeus IT Group is a global travel-technology company that develops and supplies software and IT services for the travel and tourism industry. Founded in the late 1980s as a technology venture by a group of European airlines, Amadeus has evolved into an integrated provider of distribution, passenger service systems and operations software used across the travel value chain. The company’s platforms support booking, ticketing, departure control, inventory and other core travel transaction functions for industry participants.

Amadeus’s product offering spans a global distribution system used by travel agencies and online travel sellers, airline passenger service systems (notably the Altéa suite), airport operations and departure control solutions, as well as software for hotels, rail operators and car rental companies.