Hennes & Mauritz (HNNMY) Projected to Release Earnings on Thursday

Key Points

• Hennes & Mauritz is expected to report earnings before the market opens Thursday, September 24. Analysts forecast EPS of $0.05 and revenue of approximately $5.79 billion.
• In its previous quarter, H&M reported EPS of $0.05, missing estimates by $0.01, while revenue of $5.90 billion exceeded expectations.
• Investor sentiment remains cautious: the stock was down 1.5%, and analyst coverage includes four Hold ratings and three Sell ratings, resulting in an average “Reduce” rating.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) will likely be releasing its results before the market opens on Thursday, September 24th. Analysts expect the company to post earnings of $0.05 per share and revenue of $5.7917 billion for the quarter.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last announced its earnings results on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.79 billion. Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. On average, analysts expect Hennes & Mauritz to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hennes & Mauritz Stock Down 1.5%

Shares of OTCMKTS:HNNMY opened at $3.27 on Thursday. The firm has a market cap of $22.96 billion, a PE ratio of 20.44 and a beta of 1.12. The company has a fifty day simple moving average of $3.54 and a 200 day simple moving average of $3.57. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. Hennes & Mauritz has a 12-month low of $3.18 and a 12-month high of $4.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HNNMY shares. Zacks Research upgraded shares of Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a research note on Friday, August 14th. Citigroup reiterated a "neutral" rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Finally, Pareto Securities lowered Hennes & Mauritz to a "sell" rating in a report on Friday, June 26th. Four research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce".

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion retailer that sells clothing, accessories, footwear, beauty products and home furnishings. Its business spans design, sourcing, retail and online sales, with products aimed at women, men and children across a range of price points.

The company was founded in 1947 by Erling Persson as a women's clothing store called Hennes in Västerås, Sweden. After acquiring the hunting and menswear retailer Mauritz Widforss in 1968, it adopted the Hennes & Mauritz name and expanded into menswear and children's apparel.

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