International Consolidated Airlines Group (OTCMKTS:ICAGY) Releases Quarterly Earnings Results, Beats Estimates By $0.79 EPS

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 data on Friday. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.79, Zacks reports. International Consolidated Airlines Group had a net margin of 8.98% and a return on equity of 115.72%.

International Consolidated Airlines Group Stock Performance

Shares of ICAGY stock traded down $0.09 during trading hours on Friday, hitting $9.88. The stock had a trading volume of 29,960 shares, compared to its average volume of 126,502. The firm has a market capitalization of $23.06 billion, a PE ratio of 3.48, a PEG ratio of 0.84 and a beta of 2.12. International Consolidated Airlines Group has a twelve month low of $4.06 and a twelve month high of $10.34. The stock's 50 day moving average is $9.33 and its 200 day moving average is $8.25. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.78 and a quick ratio of 0.75.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded shares of International Consolidated Airlines Group from a "market perform" rating to an "outperform" rating in a research note on Thursday, June 26th.

About International Consolidated Airlines Group

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.

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