Hennes & Mauritz (OTCMKTS:HNNMY) Issues Earnings Results

Key Points

• Hennes & Mauritz reported an earnings per share (EPS) of $0.04 for the quarter, meeting analysts' expectations.
• The company's stock is currently down 1.2% and has a market capitalization of $22.91 billion.
• Analysts have mixed ratings on the stock, with one strong buy, five hold, and one sell ratings; the average rating is currently a hold.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) posted its earnings results on Thursday. The company reported $0.04 EPS for the quarter, hitting analysts' consensus estimates of $0.04, Zacks reports. Hennes & Mauritz had a net margin of 4.35% and a return on equity of 23.48%.

Hennes & Mauritz Stock Down 1.2%

OTCMKTS HNNMY opened at $3.25 on Thursday. The stock's 50-day moving average price is $2.96 and its 200-day moving average price is $2.83. The company has a market capitalization of $22.91 billion, a P/E ratio of 25.00 and a beta of 1.25. The company has a quick ratio of 0.46, a current ratio of 1.00 and a debt-to-equity ratio of 1.22. Hennes & Mauritz has a 52 week low of $2.37 and a 52 week high of $3.57.

Analyst Ratings Changes

Several brokerages recently commented on HNNMY. Zacks Research raised Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Berenberg Bank upgraded Hennes & Mauritz to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Hennes & Mauritz in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

About Hennes & Mauritz

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.

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