Hennes & Mauritz (OTCMKTS:HNNMY) Announces Earnings Results, Meets Estimates

Key Points

• Hennes & Mauritz reported quarterly EPS of $0.01, matching estimates, while revenue of $5.43 billion missed the $5.63 billion analysts expected.
• Shares fell about 0.8% to $3.57; the stock carries a market capitalization of $25.17 billion and a P/E of 22.31.
• Analyst sentiment is mixed with an average rating of "Hold"—one Strong Buy, four Holds and two Sells—amid recent downgrades including two "strong sell" calls.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01, Zacks reports. Hennes & Mauritz had a return on equity of 30.80% and a net margin of 5.46%.The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.63 billion.

Hennes & Mauritz Stock Down 0.8%

Shares of HNNMY traded down $0.03 during mid-day trading on Friday, reaching $3.57. The company had a trading volume of 25,090 shares, compared to its average volume of 127,090. Hennes & Mauritz has a 52 week low of $2.37 and a 52 week high of $4.25. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.60 and a current ratio of 1.18. The company has a market capitalization of $25.17 billion, a price-to-earnings ratio of 22.31 and a beta of 1.19. The firm has a 50-day moving average price of $3.93 and a 200 day moving average price of $3.76.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Oddo Bhf upgraded Hennes & Mauritz to a "neutral" rating in a research report on Thursday, December 18th. Citigroup reaffirmed a "neutral" rating on shares of Hennes & Mauritz in a research note on Wednesday, February 25th. Dnb Carnegie cut shares of Hennes & Mauritz from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 17th. Barclays downgraded shares of Hennes & Mauritz from a "hold" rating to a "strong sell" rating in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Hennes & Mauritz in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Hennes & Mauritz has an average rating of "Hold".

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women's clothing store called Hennes ("hers") in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M's core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.

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