Amadeus IT Group (OTCMKTS:AMADY) Issues Earnings Results

Amadeus IT Group (OTCMKTS:AMADY) released its quarterly earnings data on Thursday. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02, Zacks reports. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.89 billion. Amadeus IT Group had a net margin of 20.35% and a return on equity of 28.72%.

Amadeus IT Group Stock Performance

Shares of Amadeus IT Group stock traded down $1.21 during trading on Friday, reaching $61.88. The company’s stock had a trading volume of 69,186 shares, compared to its average volume of 94,391. The business’s 50-day moving average price is $59.29 and its 200-day moving average price is $60.42. The firm has a market cap of $27.88 billion, a PE ratio of 17.53, a P/E/G ratio of 2.58 and a beta of 0.82. Amadeus IT Group has a 52 week low of $54.60 and a 52 week high of $85.23. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.53.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating on shares of Amadeus IT Group in a research note on Friday, May 8th. Kepler Capital Markets lowered shares of Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Amadeus IT Group in a report on Monday, May 11th. One research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Amadeus IT Group has a consensus 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.