Hennes & Mauritz (OTCMKTS:HNNMY) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Hennes & Mauritz (OTCMKTS:HNNMY) posted its earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01, Zacks reports. Hennes & Mauritz had a return on equity of 26.34% and a net margin of 4.80%.

Hennes & Mauritz Stock Performance

Shares of HNNMY stock traded up $0.01 during trading on Thursday, reaching $3.95. 21,690 shares of the company’s stock were exchanged, compared to its average volume of 57,044. Hennes & Mauritz has a twelve month low of $2.37 and a twelve month high of $4.17. The firm’s fifty day moving average price is $3.83 and its 200-day moving average price is $3.46. The company has a quick ratio of 0.46, a current ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $27.81 billion, a PE ratio of 28.18 and a beta of 1.20.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HNNMY shares. Oddo Bhf upgraded shares of Hennes & Mauritz to a “neutral” rating in a report 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, the stock currently has an average rating of “Hold”.

About Hennes & Mauritz

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.