Amadeus IT Group (AMADY) to Announce Earnings on Thursday

Amadeus IT Group (OTCMKTS:AMADY) is expected to release its resultson Thursday, July 30th. Analysts expect Amadeus IT Group to announce earnings of $1.01 per share and revenue of $1.8864 billion for the quarter.

Amadeus IT Group (OTCMKTS:AMADY) last announced its quarterly earnings results on Friday, May 8th. The company reported $1.01 earnings per share for the quarter, beating 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 Trading Up 3.1%

Shares of Amadeus IT Group stock opened at $60.27 on Wednesday. Amadeus IT Group has a 12-month low of $54.60 and a 12-month high of $85.23. The company has a market cap of $27.15 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 2.34 and a beta of 0.82. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $59.20 and its 200-day moving average price is $60.59.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AMADY shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amadeus IT Group in a research note on Friday, May 8th. Kepler Capital Markets downgraded shares of Amadeus IT Group from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Amadeus IT Group in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Amadeus IT Group has an average 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.