INTL CONS AIRL/S (OTCMKTS:ICAGY) released its quarterly earnings results on Friday. The transportation company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $0.72 by $1.25, Morningstar.com reports. INTL CONS AIRL/S had a net margin of 8.80% and a return on equity of 61.90%. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.47 billion.
ICAGY traded up $0.67 during midday trading on Friday, reaching $10.54. The company had a trading volume of 56,457 shares, compared to its average volume of 73,780. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $4.32 billion, a PE ratio of 1.52 and a beta of 0.98. INTL CONS AIRL/S has a 12-month low of $9.85 and a 12-month high of $20.50. The business’s 50-day moving average price is $11.24.
Several research analysts recently weighed in on the stock. HSBC cut shares of INTL CONS AIRL/S from a “hold” rating to a “reduce” rating in a report on Wednesday, June 19th. ValuEngine upgraded shares of INTL CONS AIRL/S from a “sell” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. initiated coverage on shares of INTL CONS AIRL/S in a research note on Tuesday, June 4th. They issued an “overweight” rating on the stock. UBS Group upgraded shares of INTL CONS AIRL/S from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Finally, Zacks Investment Research cut shares of INTL CONS AIRL/S from a “hold” rating to a “sell” rating in a research note on Tuesday. Four analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.00.
International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, LEVEL, and Aer Lingus brands.
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