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

Industria de Diseno Textil (OTCMKTS:IDEXY) issued its earnings results on Wednesday. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15, Zacks reports. Industria de Diseno Textil had a return on equity of 33.65% and a net margin of 15.60%.

Industria de Diseno Textil Trading Down 2.0%

OTCMKTS IDEXY 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 PE ratio of 27.61, a PEG ratio of 2.70 and a beta of 0.95. The stock’s 50-day moving average price is $16.27 and its two-hundred day moving average price is $15.67.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of 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 given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Industria de Diseno Textil presently has a consensus 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.