Industria de Diseno Textil (OTCMKTS:IDEXY) Announces Earnings Results, Misses Expectations By $0.14 EPS

Industria de Diseno Textil (OTCMKTS:IDEXY) announced its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14), reports. Industria de Diseno Textil had a net margin of 15.40% and a return on equity of 32.94%. The company had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.65 billion.

Industria de Diseno Textil Stock Performance

OTCMKTS IDEXY opened at $15.21 on Thursday. Industria de Diseno Textil has a 52 week low of $11.56 and a 52 week high of $17.34. The stock has a market cap of $189.62 billion, a P/E ratio of 27.91, a PEG ratio of 1.83 and a beta of 0.93. The company’s fifty day simple moving average is $16.37 and its 200-day simple moving average is $14.96.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank Of Canada upgraded shares of Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 24th. Zacks Research lowered shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research report on Monday. Four research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Industria de Diseno Textil has an average rating of “Strong Buy”.

About Industria de Diseno Textil

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.