Zalando (OTCMKTS:ZLNDY) Issues Earnings Results

Zalando (OTCMKTS:ZLNDY) posted its earnings results on Wednesday. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25), Zacks reports. Zalando had a net margin of 1.76% and a return on equity of 7.85%.

Zalando Trading Down 0.7%

Shares of OTCMKTS:ZLNDY traded down $0.09 on Wednesday, hitting $12.06. 49,086 shares of the company’s stock were exchanged, compared to its average volume of 38,852. Zalando has a 12 month low of $10.84 and a 12 month high of $18.54. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 25.13 and a beta of 1.52. The business’s 50 day simple moving average is $12.46 and its two-hundred day simple moving average is $13.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.11 and a quick ratio of 0.68.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein raised shares of Zalando from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Barclays raised shares of Zalando from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

About Zalando

Zalando SE is a leading European online fashion and lifestyle platform, headquartered in Berlin, Germany. Established in 2008 by Robert Gentz and David Schneider, the company has built a marketplace that connects consumers with a broad selection of apparel, footwear, accessories and beauty products. Trading on the OTC Markets under the symbol ZLNDY, Zalando caters to style-conscious shoppers seeking both well-known international brands and emerging designers through its digital storefront.

Since its inception, Zalando has pursued rapid expansion across Europe, launching operations in key markets including Germany, France, Italy, the United Kingdom and the Nordics.