Amadeus IT Group (OTCMKTS:AMADY) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Amadeus IT Group (OTCMKTS:AMADY) issued its quarterly earnings data on Friday. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03, Zacks reports. Amadeus IT Group had a return on equity of 29.84% and a net margin of 19.86%.

Amadeus IT Group Stock Up 0.5%

Shares of Amadeus IT Group stock traded up $0.32 during trading hours on Friday, reaching $67.09. 95,053 shares of the company were exchanged, compared to its average volume of 66,248. The stock’s fifty day moving average is $62.62 and its 200 day moving average is $61.17. Amadeus IT Group has a 1 year low of $54.60 and a 1 year high of $79.08. The firm has a market cap of $28.95 billion, a PE ratio of 19.01, a PEG ratio of 3.39 and a beta of 0.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.74 and a current ratio of 0.74.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMADY shares. Jefferies Financial Group restated a “buy” rating on shares of Amadeus IT Group in a report on Sunday, August 2nd. Zacks Research lowered Amadeus IT Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised Amadeus IT Group to a “buy” rating in a research note on Wednesday, September 16th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Amadeus IT Group currently has a consensus rating of “Hold”.

Amadeus IT Group Company Profile

Amadeus IT Group SA is a Spain-based travel technology company that provides software, data, and transaction-processing solutions for the global travel industry. Its services support airlines, travel agencies, hotels, airports, rail operators, tour operators, and other travel businesses throughout the booking and travel lifecycle.

The company operates the Amadeus Global Distribution System, which connects travel providers with travel agencies and other sellers, enabling the search, comparison, and booking of travel products.