Industria de Diseno Textil (OTCMKTS:IDEXY) Announces Earnings Results, Misses Estimates By $0.14 EPS

Industria de Diseno Textil (OTCMKTS:IDEXY) released its earnings results on Wednesday. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.14), reports. The firm had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.65 billion. Industria de Diseno Textil had a net margin of 15.40% and a return on equity of 32.94%.

Industria de Diseno Textil Price Performance

IDEXY stock opened at $15.21 on Thursday. The business has a 50 day moving average price of $16.37 and a 200 day moving average price of $14.96. The stock has a market cap of $189.62 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 1.83 and a beta of 0.93. Industria de Diseno Textil has a fifty-two week low of $11.56 and a fifty-two week high of $17.34.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on IDEXY shares. Zacks Research lowered shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada upgraded shares of Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 24th. Four research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Industria de Diseno Textil Company Profile

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.