Industria de Diseno Textil (OTCMKTS:IDEXY) Announces Quarterly Earnings Results, Hits Expectations

Industria de Diseno Textil (OTCMKTS:IDEXY) released its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13, Zacks reports. Industria de Diseno Textil had a net margin of 15.61% and a return on equity of 33.77%.

Industria de Diseno Textil Stock Performance

IDEXY opened at $15.31 on Wednesday. The business’s 50 day moving average is $14.96 and its 200-day moving average is $15.52. The stock has a market cap of $190.86 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 3.31 and a beta of 0.94. Industria de Diseno Textil has a twelve month low of $11.80 and a twelve month high of $17.34.

Wall Street Analyst Weigh In

Several equities analysts have recently 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, March 9th. Citigroup raised Industria de Diseno Textil to a “strong-buy” rating in a report on Monday, March 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Industria de Diseno Textil has an average rating of “Buy”.

Industria de Diseno Textil Company Profile

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.