H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Posts Earnings Results, Meets Expectations

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) posted its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01, Zacks reports. The firm had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $56.15 billion. H & M Hennes & Mauritz AB (publ) had a net margin of 4.93% and a return on equity of 25.89%.

H & M Hennes & Mauritz AB (publ) Stock Performance

Shares of OTCMKTS:HNNMY traded up $0.05 on Friday, reaching $2.63. 79,054 shares of the company’s stock were exchanged, compared to its average volume of 73,342. The business’s 50-day moving average is $2.67 and its two-hundred day moving average is $2.86. The company has a quick ratio of 0.55, a current ratio of 1.14 and a debt-to-equity ratio of 1.40. H & M Hennes & Mauritz AB has a fifty-two week low of $2.46 and a fifty-two week high of $3.69. The firm has a market capitalization of $18.62 billion, a price-to-earnings ratio of 18.79 and a beta of 1.40.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HNNMY. Barclays downgraded shares of H & M Hennes & Mauritz AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Hsbc Global Res downgraded H & M Hennes & Mauritz AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About H & M Hennes & Mauritz AB (publ)

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.