Hennes & Mauritz (OTCMKTS:HNNMY) Announces Earnings Results

Hennes & Mauritz (OTCMKTS:HNNMY) announced its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01), Zacks reports. Hennes & Mauritz had a return on equity of 30.79% and a net margin of 5.48%.

Hennes & Mauritz Stock Up 2.1%

Shares of OTCMKTS:HNNMY opened at $3.39 on Thursday. Hennes & Mauritz has a 1-year low of $2.58 and a 1-year high of $4.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.18 and a quick ratio of 0.58. The stock has a market cap of $23.90 billion, a P/E ratio of 21.19 and a beta of 1.09. The firm has a fifty day moving average price of $3.52 and a 200 day moving average price of $3.76.

Wall Street Analysts Forecast Growth

Separately, Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Hennes & Mauritz 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.