Hennes & Mauritz (HNNMY) to Release Earnings on Thursday

Hennes & Mauritz (OTCMKTS:HNNMY) is expected to be announcing its results before the market opens on Thursday, January 29th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $6.3453 billion for the quarter.

Hennes & Mauritz Stock Up 0.7%

Shares of Hennes & Mauritz stock opened at $3.84 on Thursday. The stock has a market capitalization of $27.07 billion, a price-to-earnings ratio of 27.42 and a beta of 1.20. The company’s 50 day moving average price is $3.81 and its 200-day moving average price is $3.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.46 and a current ratio of 1.00. Hennes & Mauritz has a 52-week low of $2.37 and a 52-week high of $4.17.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Oddo Bhf upgraded Hennes & Mauritz to a “neutral” rating in a research report on Thursday, December 18th. Citigroup upgraded Hennes & Mauritz from a “sell” rating to a “hold” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Hennes & Mauritz presently has an average 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.