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

Amadeus IT Group (OTCMKTS:AMADY) posted its earnings results on Friday. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03, Zacks reports. Amadeus IT Group had a net margin of 19.86% and a return on equity of 29.84%.

Amadeus IT Group Stock Up 0.5%

AMADY traded up $0.32 during mid-day trading on Friday, reaching $67.09. 95,053 shares of the stock were exchanged, compared to its average volume of 66,248. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $28.95 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 3.39 and a beta of 0.92. The company has a 50 day moving average price of $62.62 and a two-hundred day moving average price of $61.17. Amadeus IT Group has a 1 year low of $54.60 and a 1 year high of $79.08.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMADY. Zacks Research cut shares of Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft raised Amadeus IT Group to a “buy” rating in a report on Wednesday, September 16th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Amadeus IT Group in a report on Sunday, August 2nd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company 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.