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

International Consolidated Airlines Group (OTCMKTS:ICAGY) issued its quarterly earnings results on Friday. The transportation company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05), Zacks reports. International Consolidated Airlines Group had a net margin of 9.21% and a return on equity of 79.81%. The firm had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $10.85 billion.

International Consolidated Airlines Group Stock Up 0.6%

Shares of ICAGY stock traded up $0.07 on Friday, reaching $11.67. 117,170 shares of the company were exchanged, compared to its average volume of 137,153. The company has a market cap of $25.47 billion, a price-to-earnings ratio of 3.05, a PEG ratio of 0.97 and a beta of 1.83. The company has a 50-day moving average of $11.32 and a 200-day moving average of $11.22. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.77 and a quick ratio of 0.73. International Consolidated Airlines Group has a one year low of $9.10 and a one year high of $13.07.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded International Consolidated Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, International Consolidated Airlines Group has an average rating of “Hold”.

International Consolidated Airlines Group Company Profile

International Consolidated Airlines Group (IAG) is an airline holding company whose principal activities include passenger and cargo air transportation. Its airline brands include British Airways, Iberia, Aer Lingus, Vueling and LEVEL, which serve customers through scheduled flights and related travel services.

Formed in 2011 through the merger of British Airways and Iberia, IAG is registered in Spain and has major operations in the United Kingdom, Spain and Ireland. Its airlines connect destinations across Europe and serve routes to regions including North America, Latin America, Africa and Asia.

IAG is led by Chief Executive Officer Luis Gallego, who took the role in 2020.