H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Releases Earnings Results, Misses Estimates By $0.01 EPS

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) issued its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01), reports. H & M Hennes & Mauritz AB (publ) had a return on equity of 24.48% and a net margin of 4.70%. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.84 billion.

H & M Hennes & Mauritz AB (publ) Stock Down 1.5 %

HNNMY stock opened at $3.34 on Friday. The stock has a market capitalization of $23.65 billion, a PE ratio of 25.69 and a beta of 1.43. H & M Hennes & Mauritz AB has a 52 week low of $2.52 and a 52 week high of $3.69. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average of $3.12 and a 200 day moving average of $3.18.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HNNMY. HSBC raised H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a research note on Friday, July 5th. Deutsche Bank Aktiengesellschaft upgraded shares of H & M Hennes & Mauritz AB (publ) from a “sell” rating to a “buy” rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, H & M Hennes & Mauritz AB (publ) has an average rating of “Moderate Buy”.

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.