Hennes & Mauritz (HNNMY) to Release Quarterly Earnings on Thursday

Hennes & Mauritz (OTCMKTS:HNNMY) is anticipated to release its results before the market opens on Thursday, January 29th. Analysts expect Hennes & Mauritz to post earnings of $0.05 per share and revenue of $6.3453 billion for the quarter.

Hennes & Mauritz Stock Performance

Hennes & Mauritz stock opened at $3.96 on Wednesday. The company has a fifty day moving average price of $3.82 and a two-hundred day moving average price of $3.46. The company has a market cap of $27.92 billion, a PE ratio of 28.29 and a beta of 1.20. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.00 and a quick ratio of 0.46. Hennes & Mauritz has a 12 month low of $2.37 and a 12 month high of $4.17.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HNNMY shares. Citigroup raised Hennes & Mauritz from a “sell” rating to a “hold” rating in a report on Thursday, December 11th. Oddo Bhf upgraded Hennes & Mauritz to a “neutral” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Hennes & Mauritz Company Profile

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.