Industria de Diseno Textil (OTCMKTS:IDEXY) Issues Earnings Results

Industria de Diseno Textil (OTCMKTS:IDEXY) announced its earnings results on Wednesday. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13, Zacks reports. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.89%. The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $10.11 billion.

Industria de Diseno Textil Stock Up 0.6%

IDEXY opened at $15.72 on Friday. Industria de Diseno Textil has a 52-week low of $11.80 and a 52-week high of $17.34. The company has a market cap of $195.98 billion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 3.42 and a beta of 0.94. The firm’s 50-day moving average price is $15.03 and its 200-day moving average price is $15.55.

Analysts Set New Price Targets

IDEXY has been the topic of several recent analyst reports. Zacks Research downgraded shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Citigroup upgraded shares of Industria de Diseno Textil to a “strong-buy” rating in a report on Monday, March 16th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “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.