Industria de Diseno Textil (OTCMKTS:IDEXY) Announces Quarterly Earnings Results, Meets Estimates

Industria de Diseno Textil (OTCMKTS:IDEXY) announced its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13, Zacks reports. Industria de Diseno Textil had a return on equity of 33.77% and a net margin of 15.61%.

Industria de Diseno Textil Stock Up 2.9%

Shares of Industria de Diseno Textil stock traded up $0.44 during mid-day trading on Wednesday, reaching $15.75. 8,004 shares of the stock traded hands, compared to its average volume of 707,023. The stock has a market capitalization of $196.32 billion, a PE ratio of 27.39, a PEG ratio of 3.31 and a beta of 0.94. The business has a 50-day moving average of $14.96 and a 200 day moving average of $15.52. Industria de Diseno Textil has a fifty-two week low of $11.80 and a fifty-two week high of $17.34.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Citigroup upgraded shares of Industria de Diseno Textil to a “strong-buy” rating in a research report on Monday, March 16th. Three investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

About Industria de Diseno Textil

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.