Industria de Diseno Textil (OTCMKTS:IDEXY) Announces Quarterly Earnings Results

Industria de Diseno Textil (OTCMKTS:IDEXY) released its quarterly earnings data on Wednesday. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15, Zacks reports. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%.

Industria de Diseno Textil Price Performance

Shares of IDEXY stock opened at $16.29 on Wednesday. Industria de Diseno Textil has a 1-year low of $12.23 and a 1-year high of $17.34. The company has a market cap of $203.08 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 2.70 and a beta of 0.95. The stock has a 50 day simple moving average of $16.27 and a 200-day simple moving average of $15.67.

Analysts Set New Price Targets

Separately, Barclays upgraded Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy”.

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA (Inditex) is a Spanish fashion retail group best known for its Zara brand. The company designs, manufactures, distributes and sells apparel, footwear, accessories and home products through a combination of company-operated stores and online platforms.

Inditex’s portfolio includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its business model emphasizes frequent product updates, coordinated global operations and close integration between its physical stores and digital sales channels.

Founded in 1985 and headquartered in Arteixo, Galicia, Spain, Inditex serves customers across Europe, the Americas, Asia and other international markets.