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

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) released its quarterly earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01, Zacks reports. H & M Hennes & Mauritz AB (publ) had a return on equity of 23.03% and a net margin of 4.30%.

H & M Hennes & Mauritz AB (publ) Stock Performance

OTCMKTS:HNNMY traded down $0.10 on Friday, reaching $2.65. 21,577 shares of the company’s stock were exchanged, compared to its average volume of 90,720. The firm has a market cap of $18.76 billion, a price-to-earnings ratio of 22.09 and a beta of 1.43. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.11 and a quick ratio of 0.55. The stock has a fifty day simple moving average of $2.71 and a 200-day simple moving average of $2.96. H & M Hennes & Mauritz AB has a 52 week low of $2.46 and a 52 week high of $3.69.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank of Canada cut H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Redburn Atlantic downgraded shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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.