Amadeus IT Group (OTCMKTS:AMADY) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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

Amadeus IT Group Trading Down 1.9%

Amadeus IT Group stock traded down $1.21 during midday trading on Friday, hitting $61.88. 69,186 shares of the stock were exchanged, compared to its average volume of 94,391. The stock has a market capitalization of $27.88 billion, a PE ratio of 17.53, a P/E/G ratio of 2.58 and a beta of 0.82. The company has a fifty day simple moving average of $59.29 and a two-hundred day simple moving average of $60.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.53. Amadeus IT Group has a 52 week low of $54.60 and a 52 week high of $85.23.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMADY. Kepler Capital Markets lowered shares of Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Amadeus IT Group in a research report on Friday, May 8th. Finally, Morgan Stanley restated an “overweight” rating on shares of Amadeus IT Group in a research report on Monday, May 11th. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Amadeus IT Group Company Profile

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.