Amadeus IT Group SA, listed under the ticker OTCMKTS:AMADY, has garnered an average rating of “Buy” from six brokerage firms currently covering the company, according to MarketBeat. This positive outlook is supported by a range of recommendations: one analyst has suggested holding the stock, two have rated it a buy, and three have issued strong buy recommendations.
Recent Analyst Ratings and Company Performance
In recent evaluations, Santander upgraded Amadeus IT Group to an “outperform” rating in a research note dated November 21, 2023. Conversely, Oddo Bhf downgraded the stock to a “neutral” rating following their assessment on September 24, 2023. These assessments reflect varying perspectives on the company’s market position and future growth potential.
The latest quarterly earnings report, released on November 7, 2023, revealed that Amadeus IT Group surpassed analysts’ expectations. The company reported earnings per share (EPS) of $0.98, exceeding the consensus estimate of $0.94 by $0.04. The financial results also showed a return on equity of 27.25% and a net margin of 21.10%. Revenue for the quarter reached $1.91 billion, outpacing the anticipated $1.88 billion.
Equities research analysts predict that Amadeus IT Group will achieve EPS of $2.99 for the current fiscal year, indicating strong operational performance and confidence in the company’s growth trajectory.
About Amadeus IT Group
Amadeus IT Group, SA, operates as a transaction processor within the travel and tourism sector globally. The company is structured into three primary segments: Air Distribution, Air IT Solutions, and Hospitality & Other Solutions. It functions as an international network, offering real-time search, pricing, booking, and ticketing services through platforms such as Amadeus GDS, Altéa PSS, and New Skies. This integrated approach enables the company to provide comprehensive processing solutions that cater to the evolving needs of the travel industry.
As the landscape of travel and tourism continues to shift, Amadeus IT Group’s robust performance and favorable analyst ratings position it as a key player in the sector. Investors and stakeholders will be keenly watching the company’s developments in the forthcoming quarters.
