Amadeus IT Group (OTCMKTS:AMADY) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Amadeus IT Group (OTCMKTS:AMADY) issued its earnings results on Friday. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08, Zacks reports. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. Amadeus IT Group had a net margin of 21.10% and a return on equity of 27.25%.

Amadeus IT Group Price Performance

Shares of OTCMKTS:AMADY traded up $1.56 during trading on Friday, hitting $62.04. 100,376 shares of the stock were exchanged, compared to its average volume of 246,376. The company has a market cap of $27.95 billion, a PE ratio of 18.46, a P/E/G ratio of 2.37 and a beta of 0.77. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average price of $66.94 and a two-hundred day moving average price of $74.06. Amadeus IT Group has a 12-month low of $54.75 and a 12-month high of $85.89.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Santander upgraded Amadeus IT Group to an “outperform” rating in a research report on Friday, November 21st. Citigroup downgraded Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “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.