Industria de Diseno Textil (OTCMKTS:IDEXY) Posts Earnings Results, Meets Expectations

Industria de Diseno Textil (OTCMKTS:IDEXY) posted its quarterly earnings results on Wednesday. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15, Zacks reports. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%.

Industria de Diseno Textil Stock Down 2.0%

OTCMKTS IDEXY opened at $16.29 on Wednesday. The firm has a market cap of $203.08 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Industria de Diseno Textil has a 52 week low of $12.23 and a 52 week high of $17.34. The company has a 50 day moving average price of $16.27 and a 200 day moving average price of $15.67.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA (Inditex) is a Spanish fashion retail group best known for its Zara brand. The company designs, manufactures, distributes and sells apparel, footwear, accessories and home products through a combination of company-operated stores and online platforms.

Inditex’s portfolio includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its business model emphasizes frequent product updates, coordinated global operations and close integration between its physical stores and digital sales channels.

Founded in 1985 and headquartered in Arteixo, Galicia, Spain, Inditex serves customers across Europe, the Americas, Asia and other international markets.