Hennes & Mauritz (OTCMKTS:HNNMY) Posts Quarterly Earnings Results

Hennes & Mauritz (OTCMKTS:HNNMY) announced its quarterly earnings data 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 30.28% and a net margin of 5.55%.The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.79 billion.

Hennes & Mauritz Trading Down 1.2%

Hennes & Mauritz stock opened at $3.35 on Friday. The stock has a 50-day simple moving average of $3.51 and a 200 day simple moving average of $3.75. The stock has a market capitalization of $23.62 billion, a P/E ratio of 20.94 and a beta of 1.09. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.58 and a current ratio of 1.18. Hennes & Mauritz has a 52 week low of $2.58 and a 52 week high of $4.25.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities cut shares of Hennes & Mauritz to a “sell” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

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.