H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Announces Quarterly Earnings Results

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) issued its earnings results on Wednesday. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01, Zacks reports. The company had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $56.15 billion. H & M Hennes & Mauritz AB (publ) had a net margin of 4.93% and a return on equity of 25.89%.

H & M Hennes & Mauritz AB (publ) Trading Up 1.9 %

Shares of H & M Hennes & Mauritz AB (publ) stock traded up $0.05 during midday trading on Friday, reaching $2.63. The company had a trading volume of 79,054 shares, compared to its average volume of 73,342. The stock has a fifty day moving average price of $2.67 and a 200 day moving average price of $2.86. H & M Hennes & Mauritz AB has a fifty-two week low of $2.46 and a fifty-two week high of $3.69. The firm has a market cap of $18.62 billion, a PE ratio of 18.79 and a beta of 1.40. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.14 and a quick ratio of 0.55.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HNNMY. Barclays cut H & M Hennes & Mauritz AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Hsbc Global Res cut H & M Hennes & Mauritz AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

About H & M Hennes & Mauritz AB (publ)

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.