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

Industria de Diseno Textil (OTCMKTS:IDEXY) posted its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14), reports. The company had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.65 billion. Industria de Diseno Textil had a return on equity of 35.01% and a net margin of 15.61%.

Industria de Diseno Textil Price Performance

Shares of OTCMKTS:IDEXY traded up $0.11 during mid-day trading on Friday, reaching $15.06. 438,501 shares of the company traded hands, compared to its average volume of 624,866. Industria de Diseno Textil has a 52 week low of $11.56 and a 52 week high of $17.34. The firm has a market cap of $187.75 billion, a PE ratio of 26.19, a PEG ratio of 1.86 and a beta of 0.93. The company’s 50 day moving average price is $16.34 and its 200-day moving average price is $14.96.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Zacks Research lowered Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a report 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. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

About Industria de Diseno Textil

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.