International Consolidated Airlines Group (OTCMKTS:ICAGY) Releases Earnings Results

Key Points

• International Consolidated Airlines Group reported earnings per share of $1.29, outperforming estimates by $0.79, indicating strong financial performance in the recent quarter.
• The company's net margin stood at 8.98% with a remarkable return on equity of 115.72%.
• Following the positive earnings report, Sanford C. Bernstein upgraded the company's stock rating from "market perform" to "outperform."

International Consolidated Airlines Group (OTCMKTS:ICAGY - Get Free Report) issued its quarterly earnings results on Friday. The transportation company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.79, Zacks reports. The business had revenue of $10.06 billion during the quarter, compared to analysts' expectations of $8.77 billion. International Consolidated Airlines Group had a return on equity of 166.61% and a net margin of 9.52%.

International Consolidated Airlines Group Stock Up 1.1%

OTCMKTS ICAGY traded up $0.11 on Tuesday, hitting $10.08. The stock had a trading volume of 36,391 shares, compared to its average volume of 125,794. The business's fifty day moving average price is $9.38 and its 200 day moving average price is $8.29. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.78 and a quick ratio of 0.75. International Consolidated Airlines Group has a 52-week low of $4.07 and a 52-week high of $10.34. The stock has a market cap of $23.54 billion, a price-to-earnings ratio of 3.22, a price-to-earnings-growth ratio of 0.83 and a beta of 2.23.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ICAGY shares. Sanford C. Bernstein upgraded International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, June 26th. Barclays upgraded International Consolidated Airlines Group from an "underweight" rating to an "equal weight" rating in a research report on Monday.

International Consolidated Airlines Group Company Profile

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.