Hennes & Mauritz (HNNMY) to Release Quarterly Earnings on Thursday

Hennes & Mauritz (OTCMKTS:HNNMY) is expected to announce its results before the market opens on Thursday, January 29th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $6.3453 billion for the quarter.

Hennes & Mauritz Stock Performance

OTCMKTS:HNNMY opened at $3.89 on Tuesday. The firm has a market cap of $27.43 billion, a PE ratio of 27.79 and a beta of 1.20. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.46 and a current ratio of 1.00. The business has a 50 day moving average price of $3.82 and a 200-day moving average price of $3.45. Hennes & Mauritz has a fifty-two week low of $2.37 and a fifty-two week high of $4.17.

Analysts Set New Price Targets

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