Industria de Diseno Textil SA (OTCMKTS:IDEXY) Receives Consensus Recommendation of “Strong Buy” from Analysts

Shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY) have earned an average rating of “Strong Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, one has given a buy rating and four have given a strong buy rating to the company.

Separately, Barclays upgraded Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday.

Industria de Diseno Textil Stock Up 0.6%

Shares of OTCMKTS:IDEXY opened at $15.54 on Tuesday. The business has a fifty day simple moving average of $15.62 and a 200-day simple moving average of $15.64. Industria de Diseno Textil has a 52 week low of $11.80 and a 52 week high of $17.34. The company has a market cap of $193.73 billion, a P/E ratio of 26.34, a P/E/G ratio of 2.51 and a beta of 0.94.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $10.11 billion. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%. Sell-side analysts expect that Industria de Diseno Textil will post 0.63 earnings per share for the current fiscal year.

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.