Industria de Diseño Textil (IDEXY) Expected to Announce Quarterly Earnings on Wednesday

Industria de Diseño Textil (OTCMKTS:IDEXY) is projected to post its quarterly earnings results on Wednesday, June 4th. Analysts expect Industria de Diseño Textil to post earnings of $0.25 per share and revenue of $8.53 billion for the quarter.

Industria de Diseño Textil (OTCMKTS:IDEXY) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $11.96 billion for the quarter, compared to analysts’ expectations of $11.13 billion. Industria de Diseño Textil had a net margin of 15.19% and a return on equity of 32.33%. On average, analysts expect Industria de Diseño Textil to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Industria de Diseño Textil Stock Down 0.2%

Shares of IDEXY opened at $26.55 on Wednesday. The stock has a market capitalization of $165.49 billion, a P/E ratio of 26.29, a PEG ratio of 2.38 and a beta of 1.18. The firm has a fifty day simple moving average of $26.23 and a two-hundred day simple moving average of $26.52. Industria de Diseño Textil has a twelve month low of $23.12 and a twelve month high of $30.11.

Industria de Diseño Textil Increases Dividend

The company also recently declared a dividend, which was paid on Monday, May 19th. Shareholders of record on Thursday, May 1st were given a dividend of $0.3187 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a yield of 2.21%. This is a boost from Industria de Diseño Textil’s previous dividend of $0.29. Industria de Diseño Textil’s dividend payout ratio is presently 60.19%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. BNP Paribas raised shares of Industria de Diseño Textil to a “strong-buy” rating in a research report on Tuesday, April 22nd. Citigroup raised shares of Industria de Diseño Textil to a “strong-buy” rating in a research report on Thursday, March 13th.

About Industria de Diseño Textil

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.