H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Posts Quarterly Earnings Results, Hits Expectations

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01, Zacks reports. H & M Hennes & Mauritz AB (publ) had a net margin of 4.93% and a return on equity of 25.89%. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $56.15 billion.

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

Shares of OTCMKTS:HNNMY traded down $0.03 during trading on Tuesday, reaching $2.58. 77,597 shares of the stock were exchanged, compared to its average volume of 72,286. H & M Hennes & Mauritz AB has a 12 month low of $2.46 and a 12 month high of $3.69. The stock has a 50-day moving average price of $2.67 and a 200-day moving average price of $2.85. The company has a current ratio of 1.14, a quick ratio of 0.55 and a debt-to-equity ratio of 1.40. The firm has a market cap of $18.27 billion, a PE ratio of 18.43 and a beta of 1.40.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Hsbc Global Res lowered shares of H & M Hennes & Mauritz AB (publ) from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Barclays downgraded H & M Hennes & Mauritz AB (publ) from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

About H & M Hennes & Mauritz AB (publ)

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.