Hennes & Mauritz (HNNMY) Projected to Announce Quarterly Earnings on Thursday

Hennes & Mauritz (OTCMKTS:HNNMY) is projected to issue 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 $5.7973 billion for the quarter.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its earnings results on Thursday, June 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. The company had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.79 billion. 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 Trading Up 3.7%

Shares of HNNMY opened at $3.37 on Wednesday. Hennes & Mauritz has a twelve month low of $3.22 and a twelve month high of $4.25. The stock has a market cap of $23.67 billion, a PE ratio of 21.06 and a beta of 1.12. The company has a quick ratio of 0.53, a current ratio of 1.07 and a debt-to-equity ratio of 1.31. The business’s 50-day moving average price is $3.53 and its 200-day moving average price is $3.55.

Analysts Set New Price Targets

HNNMY has been the subject of several recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Pareto Securities cut shares of Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th. Finally, Zacks Research upgraded shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock 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.