Hennes & Mauritz (HNNMY) Expected to Announce Earnings on Thursday

Hennes & Mauritz (OTCMKTS:HNNMY) is expected to release its results before the market opens on Thursday, March 26th. Analysts expect Hennes & Mauritz to post earnings of $0.01 per share and revenue of $5.6328 billion for the quarter.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.35 billion. Hennes & Mauritz had a return on equity of 30.80% and a net margin of 5.46%. 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 5.1%

Hennes & Mauritz stock opened at $3.70 on Tuesday. Hennes & Mauritz has a 52 week low of $2.37 and a 52 week high of $4.25. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.60 and a current ratio of 1.18. The firm has a market capitalization of $26.09 billion, a PE ratio of 23.13 and a beta of 1.19. The business’s 50-day simple moving average is $3.94 and its 200-day simple moving average is $3.76.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HNNMY. Dnb Carnegie lowered Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Oddo Bhf upgraded Hennes & Mauritz to a “neutral” rating in a report on Thursday, December 18th. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hennes & Mauritz in a research note on Friday, January 30th. Finally, Barclays cut shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.