Hugo Boss (OTCMKTS:BOSSY) Posts Quarterly Earnings Results, Misses Estimates By $0.34 EPS

Hugo Boss (OTCMKTS:BOSSY) announced its quarterly earnings data on Tuesday. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.34), Zacks reports. Hugo Boss had a return on equity of 15.66% and a net margin of 5.56%.

Hugo Boss Stock Performance

BOSSY stock opened at $8.79 on Wednesday. Hugo Boss has a 1-year low of $8.00 and a 1-year high of $10.08. The company has a current ratio of 1.56, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55. The firm has a market cap of $2.97 billion, a PE ratio of 11.27 and a beta of 0.54. The business’s 50-day moving average price is $8.60 and its two-hundred day moving average price is $8.58.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup restated a “neutral” rating on shares of Hugo Boss in a report on Monday, May 11th. DZ Bank cut Hugo Boss from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

About Hugo Boss

Hugo Boss AG is a German luxury fashion group that designs, produces and distributes a broad range of apparel, accessories and footwear under its two core brands, BOSS and HUGO. The company’s product portfolio spans men’s and women’s business wear, casual collections and athleisure, as well as fragrances, eyewear and leather goods. Hugo Boss operates through a multi-channel network that includes directly operated retail stores, e-commerce platforms and wholesale partnerships with department stores and specialty retailers.

Founded in 1924 by Hugo Ferdinand Boss and headquartered in Metzingen, Germany, the company originally produced workwear and uniforms before pivoting to high-end fashion in the latter half of the 20th century.