Amadeus IT Group (AMADY) to Release Earnings on Thursday

Amadeus IT Group (OTCMKTS:AMADY) is projected to release its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $1.01 per share and revenue of $1.8894 billion for the quarter.

Amadeus IT Group (OTCMKTS:AMADY) last announced its quarterly earnings data on Friday, May 8th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.07. Amadeus IT Group had a return on equity of 28.72% and a net margin of 20.35%.The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.92 billion. On average, analysts expect Amadeus IT Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Amadeus IT Group Stock Up 4.2%

AMADY stock opened at $58.45 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.77 and a quick ratio of 0.77. Amadeus IT Group has a 1-year low of $54.60 and a 1-year high of $85.23. The firm has a fifty day moving average price of $59.20 and a two-hundred day moving average price of $60.69. The firm has a market cap of $26.33 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 2.24 and a beta of 0.82.

Analysts Set New Price Targets

Several research analysts have recently commented on AMADY shares. Kepler Capital Markets lowered shares of Amadeus IT Group from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Amadeus IT Group in a research note on Friday, May 8th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Amadeus IT Group in a report on Monday, May 11th. One 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 stock. Based on data from MarketBeat.com, the stock currently 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.