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

Hennes & Mauritz (OTCMKTS:HNNMY) is expected to be issuing its resultson Thursday, June 25th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $5.8715 billion for the quarter.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its earnings results on Thursday, March 26th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Hennes & Mauritz had a return on equity of 30.79% and a net margin of 5.48%.The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.63 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 Stock Down 3.1%

Shares of HNNMY stock opened at $3.41 on Thursday. Hennes & Mauritz has a 1-year low of $2.50 and a 1-year high of $4.25. The stock’s fifty day moving average price is $3.55 and its 200 day moving average price is $3.76. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.18 and a quick ratio of 0.58. The company has a market cap of $24.04 billion, a price-to-earnings ratio of 21.31 and a beta of 1.09.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a “neutral” rating on shares of Hennes & Mauritz in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Hennes & Mauritz Company Profile

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.