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

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

Amadeus IT Group Price Performance

OTCMKTS:AMADY traded down $1.21 during trading hours on Friday, hitting $61.88. The stock had a trading volume of 69,186 shares, compared to its average volume of 94,391. The company has a 50 day simple moving average of $59.29 and a two-hundred day simple moving average of $60.42. The firm has a market capitalization of $27.88 billion, a price-to-earnings ratio of 17.53, a P/E/G 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 one year low of $54.60 and a one year high of $85.23.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating on shares of Amadeus IT Group in a report on Monday, May 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amadeus IT Group in a report on Friday, May 8th. Finally, Kepler Capital Markets cut Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Amadeus IT Group presently has a consensus 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.