Zalando (OTCMKTS:ZLNDY) Announces Earnings Results

Zalando (OTCMKTS:ZLNDY) released its quarterly earnings results on Wednesday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25), Zacks reports. Zalando had a net margin of 0.89% and a return on equity of 4.12%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.48 billion.

Zalando Stock Down 0.3%

ZLNDY stock traded down $0.03 during trading hours on Friday, hitting $11.70. The company’s stock had a trading volume of 43,457 shares, compared to its average volume of 66,419. The stock has a 50 day moving average price of $12.45 and a two-hundred day moving average price of $13.35. Zalando has a 12 month low of $10.84 and a 12 month high of $18.54. The company has a market capitalization of $6.04 billion, a PE ratio of 45.00 and a beta of 1.52. The company has a quick ratio of 0.68, a current ratio of 1.11 and a debt-to-equity ratio of 0.17.

Analysts Set New Price Targets

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

Zalando Company Profile

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.