Industria de Diseno Textil SA (OTCMKTS:IDEXY – Get Free Report) has earned an average recommendation of “Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating on the company.
Separately, Barclays upgraded shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th.
Check Out Our Latest Research Report on IDEXY
Industria de Diseno Textil Trading Down 1.5%
Industria de Diseno Textil (OTCMKTS:IDEXY – Get Free Report) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%. The firm had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $10.11 billion. Equities research analysts forecast that Industria de Diseno Textil will post 0.63 earnings per share for the current year.
Industria de Diseno Textil Company Profile
Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.
Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.
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