International Consolidated Airlines Group (OTCMKTS:ICAGY) Announces Quarterly Earnings Results, Beats Estimates By $0.15 EPS

International Consolidated Airlines Group (OTCMKTS:ICAGY) posted its quarterly earnings data on Friday. The transportation company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.06 by $0.15, Zacks reports. International Consolidated Airlines Group had a return on equity of 98.60% and a net margin of 10.21%.The business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.41 billion.

International Consolidated Airlines Group Stock Performance

Shares of OTCMKTS:ICAGY traded down $0.35 during trading on Friday, hitting $10.53. 89,203 shares of the company were exchanged, compared to its average volume of 102,586. The company has a market cap of $23.81 billion, a PE ratio of 2.67, a P/E/G ratio of 0.65 and a beta of 1.60. The stock has a 50 day moving average of $10.16 and a 200 day moving average of $10.69. International Consolidated Airlines Group has a 52-week low of $7.82 and a 52-week high of $12.36. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.70 and a quick ratio of 0.66.

Analysts Set New Price Targets

Several research firms recently commented on ICAGY. Barclays upgraded International Consolidated Airlines Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 9th. Zacks Research downgraded International Consolidated Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average 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.