Industria de Diseno Textil (OTCMKTS:IDEXY) Issues Earnings Results, Meets Expectations

Industria de Diseno Textil (OTCMKTS:IDEXY) posted its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13, Zacks reports. The company had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $10.11 billion. Industria de Diseno Textil had a return on equity of 33.77% and a net margin of 15.61%.

Industria de Diseno Textil Price Performance

Industria de Diseno Textil stock traded up $0.12 during mid-day trading on Thursday, hitting $15.74. 15,328 shares of the company’s stock traded hands, compared to its average volume of 712,601. The firm has a 50 day simple moving average of $15.00 and a two-hundred day simple moving average of $15.54. Industria de Diseno Textil has a fifty-two week low of $11.80 and a fifty-two week high of $17.34. The stock has a market cap of $196.19 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 3.33 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IDEXY shares. Citigroup raised shares of Industria de Diseno Textil to a “strong-buy” rating in a research report on Monday, March 16th. Zacks Research downgraded shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Industria de Diseno Textil presently has an average rating of “Buy”.

Industria de Diseno Textil Company Profile

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.