Hennes & Mauritz (OTCMKTS:HNNMY) Announces Earnings Results, Meets Estimates

Hennes & Mauritz (OTCMKTS:HNNMY) announced its quarterly earnings data on Thursday. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01, Zacks reports. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.63 billion. Hennes & Mauritz had a net margin of 5.46% and a return on equity of 30.80%.

Hennes & Mauritz Stock Performance

HNNMY stock traded down $0.03 during trading on Friday, reaching $3.57. The stock had a trading volume of 25,090 shares, compared to its average volume of 127,090. The firm has a market cap of $25.17 billion, a PE ratio of 22.31 and a beta of 1.19. 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 stock’s 50 day moving average is $3.93 and its two-hundred day moving average is $3.76. Hennes & Mauritz has a 52 week low of $2.37 and a 52 week high of $4.25.

Analysts Set New Price Targets

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

About Hennes & Mauritz

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.