Amadeus IT Group (OTCMKTS:AMADY) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Amadeus IT Group (OTCMKTS:AMADY) issued its quarterly earnings results on Friday. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.07, Zacks reports. Amadeus IT Group had a return on equity of 27.61% and a net margin of 20.45%.The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.92 billion.

Amadeus IT Group Stock Up 0.7%

Shares of OTCMKTS:AMADY opened at $61.09 on Friday. Amadeus IT Group has a 52-week low of $54.75 and a 52-week high of $85.89. The stock has a market cap of $27.52 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 2.46 and a beta of 0.77. The business’s 50 day moving average is $59.04 and its 200 day moving average is $66.82. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.52.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Citigroup cut Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Jefferies Financial Group reissued a “buy” rating on shares of Amadeus IT Group in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Amadeus IT Group Company Profile

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.