Amadeus IT Group (OTCMKTS:AMADY) Posts Quarterly Earnings Results

Amadeus IT Group (OTCMKTS:AMADY) announced its quarterly earnings data on Thursday. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02, Zacks reports. Amadeus IT Group had a return on equity of 28.72% and a net margin of 20.35%.The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.89 billion.

Amadeus IT Group Stock Performance

OTCMKTS AMADY traded down $1.21 during trading on Friday, reaching $61.88. 69,186 shares of the company’s stock were exchanged, compared to its average volume of 94,391. The business has a 50 day moving average price of $59.29 and a 200-day moving average price of $60.42. The stock has a market capitalization of $27.88 billion, a P/E ratio of 17.53, a PEG ratio of 2.58 and a beta of 0.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.77 and a quick ratio of 0.77. Amadeus IT Group has a fifty-two week low of $54.60 and a fifty-two week high of $85.23.

Analysts Set New Price Targets

Several research firms recently weighed in on AMADY. Kepler Capital Markets cut shares of Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Morgan Stanley restated an “overweight” rating on shares of Amadeus IT Group in a report on Monday, May 11th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Amadeus IT Group in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently 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.