Amadeus IT Group (AMADY) to Announce Quarterly Earnings on Thursday

Amadeus IT Group (OTCMKTS:AMADY) will likely be issuing its resultson Thursday, July 30th. Analysts expect Amadeus IT Group to announce earnings of $1.01 per share and revenue of $1.8904 billion for the quarter.

Amadeus IT Group (OTCMKTS:AMADY) last posted its earnings results on Friday, May 8th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.92 billion. Amadeus IT Group had a net margin of 20.35% and a return on equity of 28.72%. On average, analysts expect Amadeus IT Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Amadeus IT Group Stock Down 0.4%

Shares of OTCMKTS AMADY opened at $55.49 on Thursday. The firm’s 50-day moving average price is $59.41 and its 200-day moving average price is $61.05. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $25.00 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 2.22 and a beta of 0.82. Amadeus IT Group has a 12-month low of $54.75 and a 12-month high of $85.23.

Wall Street Analysts Forecast Growth

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