Hennes & Mauritz (OTCMKTS:HNNMY) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Hennes & Mauritz (OTCMKTS:HNNMY) announced its earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01), Zacks reports. Hennes & Mauritz had a net margin of 5.48% and a return on equity of 30.79%.

Hennes & Mauritz Stock Performance

HNNMY stock opened at $3.39 on Thursday. The stock’s 50 day simple moving average is $3.52 and its 200 day simple moving average is $3.76. The company has a current ratio of 1.18, a quick ratio of 0.58 and a debt-to-equity ratio of 1.08. Hennes & Mauritz has a 12-month low of $2.58 and a 12-month high of $4.25. The stock has a market capitalization of $23.90 billion, a PE ratio of 21.19 and a beta of 1.09.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

About Hennes & Mauritz

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.