Amadeus IT Group (OTCMKTS:AMADY) Shares Gap Down - Here's What Happened

Key Points

• Amadeus IT Group's stock price gapped down from $83.89 to $78.89 before trading on Tuesday, ultimately closing at $79.14.
• The company reported earnings of $0.95 per share for the last quarter, missing estimates by $0.01, with total revenue of $1.87 billion.
• Amadeus IT Group recently increased its dividend significantly to $0.7645 per share, resulting in a yield of 134.0% compared to the previous dividend of $0.37.

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $83.89, but opened at $78.89. Amadeus IT Group shares last traded at $79.14, with a volume of 1,228 shares trading hands.

Analyst Ratings Changes

Separately, Cantor Fitzgerald upgraded shares of Amadeus IT Group to a "strong-buy" rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Strong Buy".

Amadeus IT Group Stock Performance

The stock has a market cap of $36.28 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 3.61 and a beta of 1.13. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $82.86 and a 200-day simple moving average of $80.20.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.01). The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. Amadeus IT Group had a net margin of 21.08% and a return on equity of 27.73%. Analysts forecast that Amadeus IT Group SA Unsponsored ADR will post 2.99 EPS for the current fiscal year.

Amadeus IT Group Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 4th were given a dividend of $0.7645 per share. This is an increase from Amadeus IT Group's previous dividend of $0.37. This represents a dividend yield of 134.0%. The ex-dividend date of this dividend was Thursday, July 3rd. Amadeus IT Group's payout ratio is 47.84%.

About Amadeus IT Group

Amadeus IT Group, SA, together with its subsidiaries, operates as a transaction processor for the travel and tourism industry worldwide. The company operates through three segments: Air Distribution, Air IT Solutions, and Hospitality & Other Solutions. The company acts as an international network providing real-time search, pricing, booking, and ticketing services, and other processing solutions through Amadeus GDS, Altéa PSS, and New Skies platforms.