Royal Bank of Canada Upgrades H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) to Outperform

Royal Bank of Canada upgraded shares of H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY - Free Report) from a sector perform rating to an outperform rating in a report published on Friday morning, Marketbeat Ratings reports.

H & M Hennes & Mauritz AB (publ) Trading Up 3.4 %

Shares of OTCMKTS HNNMY traded up $0.11 during mid-day trading on Friday, reaching $3.35. The company had a trading volume of 4,242 shares, compared to its average volume of 39,146. The business's 50-day moving average is $3.05 and its 200-day moving average is $3.04. The company has a current ratio of 1.08, a quick ratio of 0.56 and a debt-to-equity ratio of 1.05. The stock has a market cap of $24.04 billion, a price-to-earnings ratio of 29.46 and a beta of 1.47. H & M Hennes & Mauritz AB has a 52 week low of $2.43 and a 52 week high of $3.56.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY - Get Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. The firm had revenue of $5.19 billion for the quarter, compared to analysts' expectations of $5.08 billion. H & M Hennes & Mauritz AB (publ) had a net margin of 4.02% and a return on equity of 20.67%. Equities analysts expect that H & M Hennes & Mauritz AB will post 0.16 earnings per share for the current year.

H & M Hennes & Mauritz AB (publ) Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 7th will be issued a $0.062 dividend. This is a boost from H & M Hennes & Mauritz AB (publ)'s previous dividend of $0.06. The ex-dividend date is Monday, May 6th. H & M Hennes & Mauritz AB (publ)'s dividend payout ratio (DPR) is currently 90.92%.

H & M Hennes & Mauritz AB (publ) Company Profile

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.