Hennes & Mauritz (HNNMY) Expected to Announce Earnings on Thursday

Hennes & Mauritz (OTCMKTS:HNNMY) will likely be announcing its results before the market opens on Thursday, March 26th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $5.6328 billion for the quarter.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Hennes & Mauritz had a net margin of 5.46% and a return on equity of 30.80%. The business had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.35 billion. On average, analysts expect Hennes & Mauritz to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hennes & Mauritz Stock Performance

Shares of Hennes & Mauritz stock opened at $3.64 on Wednesday. The business has a 50-day moving average price of $3.94 and a two-hundred day moving average price of $3.77. Hennes & Mauritz has a 1-year low of $2.37 and a 1-year high of $4.25. The company has a current ratio of 1.18, a quick ratio of 0.60 and a debt-to-equity ratio of 1.47. The company has a market cap of $25.66 billion, a P/E ratio of 22.75 and a beta of 1.19.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HNNMY shares. Citigroup restated a “neutral” rating on shares of Hennes & Mauritz in a research report on Wednesday, February 25th. Oddo Bhf upgraded Hennes & Mauritz to a “neutral” rating in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hennes & Mauritz in a report on Friday, January 30th. Barclays downgraded shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Finally, Dnb Carnegie lowered shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.