Hennes & Mauritz (OTCMKTS:HNNMY) Posts Earnings Results, Misses Estimates By $0.01 EPS

Hennes & Mauritz (OTCMKTS:HNNMY) posted its earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01), Zacks reports. Hennes & Mauritz had a net margin of 5.48% and a return on equity of 30.79%.

Hennes & Mauritz Trading Down 0.3%

HNNMY opened at $3.39 on Friday. The firm’s 50 day moving average is $3.52 and its 200-day moving average is $3.75. Hennes & Mauritz has a 52-week low of $2.58 and a 52-week high of $4.25. The company has a quick ratio of 0.58, a current ratio of 1.18 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $23.90 billion, a P/E ratio of 21.19 and a beta of 1.09.

Wall Street Analyst Weigh In

Separately, Pareto Securities lowered Hennes & Mauritz to a “sell” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average 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.