Hennes & Mauritz (OTCMKTS:HNNMY) Posts Earnings Results, Hits Estimates

Hennes & Mauritz (OTCMKTS:HNNMY) released its earnings results on Thursday. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06, Zacks reports. Hennes & Mauritz had a net margin of 4.80% and a return on equity of 26.34%. The company had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $6.35 billion.

Hennes & Mauritz Stock Performance

Hennes & Mauritz stock opened at $3.97 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.00 and a quick ratio of 0.46. The firm’s fifty day moving average price is $3.84 and its 200 day moving average price is $3.47. The company has a market capitalization of $27.99 billion, a price-to-earnings ratio of 28.36 and a beta of 1.20. Hennes & Mauritz has a 12-month low of $2.37 and a 12-month high of $4.17.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HNNMY. Oddo Bhf upgraded Hennes & Mauritz to a “neutral” rating in a research report on Thursday, December 18th. Citigroup raised shares of Hennes & Mauritz from a “sell” rating to a “hold” rating in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company 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.