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

International Consolidated Airlines Group (OTCMKTS:ICAGY) released its earnings results on Friday. The transportation company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05), Zacks reports. The firm had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $9.51 billion. International Consolidated Airlines Group had a return on equity of 79.81% and a net margin of 9.21%.

International Consolidated Airlines Group Stock Up 0.6%

ICAGY opened at $11.67 on Friday. International Consolidated Airlines Group has a 12 month low of $9.10 and a 12 month high of $13.07. The business has a 50-day moving average of $11.32 and a two-hundred 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. The stock has a market capitalization of $25.47 billion, a price-to-earnings ratio of 4.33, a price-to-earnings-growth ratio of 1.02 and a beta of 1.83.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently 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.