Hennes & Mauritz (OTCMKTS:HNNMY) Announces Quarterly Earnings Results

Hennes & Mauritz (OTCMKTS:HNNMY) announced its quarterly earnings results on Wednesday. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05, Zacks reports. The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.84 billion. Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%.

Hennes & Mauritz Price Performance

Hennes & Mauritz stock opened at $3.26 on Friday. The firm has a market cap of $22.89 billion, a P/E ratio of 20.38 and a beta of 1.12. The stock’s 50 day moving average is $3.53 and its 200 day moving average is $3.54. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.07 and a quick ratio of 0.53. Hennes & Mauritz has a one year low of $3.21 and a one year high of $4.25.

More Hennes & Mauritz News

Here are the key news stories impacting Hennes & Mauritz this week:

• Positive Sentiment: H&M reported third-quarter operating profit growth that exceeded expectations, supported by improved margins, cost savings and tariff benefits. Sales for June through August increased 1% in local currencies, slightly ahead of a 0.7% UBS forecast. H&M’s operating profit grows more than expected in third quarter
• Positive Sentiment: Quarterly earnings per share were $0.05, in line with consensus, while revenue of $5.98 billion exceeded analysts’ $5.84 billion estimate. H&M also reported a 31.51% return on equity and a 5.55% net margin. Hennes & Mauritz earnings results
• Neutral Sentiment: Short interest rose 175.4% to 50,348 shares as of September 15, but short positions represented 0.0% of shares outstanding and only 0.1 days of average trading volume. The increase is notable but currently appears too small to be a major trading catalyst.
• Negative Sentiment: Investors were disappointed by the company’s expectation for only 1% sales growth in September in local currencies. The modest outlook overshadowed the earnings beat and raised concerns that demand momentum remains weak. H&M Stock Slides Despite Earnings Beat on Sluggish Sales Growth
• Negative Sentiment: Goldman Sachs maintained a Sell rating on Hennes & Mauritz, reinforcing the cautious analyst view and adding to pressure on the shares. Goldman Sachs maintains a Sell rating

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HNNMY shares. Pareto Securities downgraded Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Finally, Zacks Research upgraded shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Four analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion retailer that sells clothing, accessories, footwear, beauty products and home furnishings. Its business spans design, sourcing, retail and online sales, with products aimed at women, men and children across a range of price points.

The company was founded in 1947 by Erling Persson as a women’s clothing store called Hennes in Västerås, Sweden. After acquiring the hunting and menswear retailer Mauritz Widforss in 1968, it adopted the Hennes & Mauritz name and expanded into menswear and children’s apparel.