Hennes & Mauritz (HNNMY) Expected to Post Earnings on Thursday

Hennes & Mauritz (OTCMKTS:HNNMY) is expected to be releasing its results before the market opens on Thursday, September 24th. Analysts expect Hennes & Mauritz to post earnings of $0.05 per share and revenue of $5.8054 billion for the quarter.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.79 billion. Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. On average, analysts expect Hennes & Mauritz to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hennes & Mauritz Trading Down 0.3%

Shares of HNNMY stock opened at $3.25 on Tuesday. The firm has a 50 day moving average price of $3.53 and a two-hundred day moving average price of $3.55. The company has a quick ratio of 0.53, a current ratio of 1.07 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $22.82 billion, a PE ratio of 20.31 and a beta of 1.12. Hennes & Mauritz has a 12-month low of $3.20 and a 12-month high of $4.25.

Wall Street Analyst Weigh In

HNNMY has been the topic of a number of recent research reports. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Zacks Research raised shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Pareto Securities cut Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Hennes & Mauritz currently has a consensus rating of “Reduce”.

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion retailer that sells clothing, accessories, footwear, beauty products and home furnishings. Its business spans design, sourcing, retail and online sales, with products aimed at women, men and children across a range of price points.

The company was founded in 1947 by Erling Persson as a women’s clothing store called Hennes in Västerås, Sweden. After acquiring the hunting and menswear retailer Mauritz Widforss in 1968, it adopted the Hennes & Mauritz name and expanded into menswear and children’s apparel.