OTCMKTS:HNNMY FY2024 EPS Cut by Telsey Advisory Group

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) – Equities research analysts at Telsey Advisory Group reduced their FY2024 earnings per share (EPS) estimates for shares of H & M Hennes & Mauritz AB (publ) in a report issued on Thursday, January 23rd. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings per share of $0.13 for the year, down from their prior forecast of $0.15. The consensus estimate for H & M Hennes & Mauritz AB (publ)’s current full-year earnings is $0.14 per share. Telsey Advisory Group also issued estimates for H & M Hennes & Mauritz AB (publ)’s Q4 2024 earnings at $0.03 EPS and FY2025 earnings at $0.16 EPS.

HNNMY has been the subject of a number of other research reports. Barclays upgraded H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research note on Friday, September 27th. Redburn Atlantic cut shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada lowered shares of H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, H & M Hennes & Mauritz AB (publ) presently has a consensus rating of “Moderate Buy”.

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

HNNMY stock opened at $2.66 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.55 and a current ratio of 1.11. The firm has a market capitalization of $18.83 billion, a price-to-earnings ratio of 22.25 and a beta of 1.43. The firm has a 50 day moving average price of $2.71 and a 200-day moving average price of $2.98. H & M Hennes & Mauritz AB has a 52-week low of $2.46 and a 52-week high of $3.69.

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.