Very Negative Press Coverage Unlikely to Impact HENNES & MAURIT/ADR (OTCMKTS:HNNMY) Stock Price

Media coverage about HENNES & MAURIT/ADR (OTCMKTS:HNNMY) has trended very negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. HENNES & MAURIT/ADR earned a coverage optimism score of -3.33 on their scale. InfoTrie also gave media coverage about the company an news buzz score of 3 out of 10, indicating that recent press coverage is unlikely to have an impact on the stock’s share price in the next few days.

HNNMY traded down $0.18 on Friday, hitting $2.87. 31,434 shares of the company’s stock were exchanged, compared to its average volume of 70,991. The stock has a fifty day moving average of $2.91 and a two-hundred day moving average of $3.31. HENNES & MAURIT/ADR has a twelve month low of $1.88 and a twelve month high of $4.36. The firm has a market cap of $22.28 billion, a PE ratio of 15.94 and a beta of 1.29. The company has a current ratio of 1.14, a quick ratio of 0.46 and a debt-to-equity ratio of 0.97.

HENNES & MAURIT/ADR (OTCMKTS:HNNMY) last announced its quarterly earnings results on Friday, April 3rd. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. HENNES & MAURIT/ADR had a net margin of 6.16% and a return on equity of 26.51%. The company had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.60 billion. On average, analysts predict that HENNES & MAURIT/ADR will post 0.03 EPS for the current year.

A number of equities research analysts have recently issued reports on HNNMY shares. Jefferies Financial Group restated a “hold” rating on shares of HENNES & MAURIT/ADR in a research note on Thursday, April 23rd. Morgan Stanley upgraded shares of HENNES & MAURIT/ADR from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 12th. Royal Bank of Canada lowered shares of HENNES & MAURIT/ADR from an “outperform” rating to a “sector perform” rating in a research note on Monday, May 4th. Goldman Sachs Group lowered shares of HENNES & MAURIT/ADR from a “neutral” rating to a “sell” rating in a research note on Sunday, May 10th. Finally, Zacks Investment Research upgraded shares of HENNES & MAURIT/ADR from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $3.50.

About HENNES & MAURIT/ADR

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, and cosmetics for women, men, teenagers, children, and babies worldwide. It offers sportswear, underwear, shoes, bags, beauty products, stationery, ready-to-wear, jeans, home textiles, and homeware; and interior products for living rooms, kitchens, bedrooms, bathrooms, and kids' rooms.

Further Reading: Market Timing

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