Industria de Diseño Textil (OTCMKTS:IDEXY) Lowered to Sector Perform at Royal Bank of Canada

Royal Bank of Canada lowered shares of Industria de Diseño Textil (OTCMKTS:IDEXY) from an outperform rating to a sector perform rating in a research report report published on Friday morning, MarketBeat.com reports.

Industria de Diseño Textil Price Performance

Shares of OTCMKTS:IDEXY traded up $0.07 on Friday, reaching $23.50. The company’s stock had a trading volume of 106,082 shares, compared to its average volume of 104,028. Industria de Diseño Textil has a 52-week low of $16.39 and a 52-week high of $25.72. The stock’s 50-day moving average is $23.92 and its two-hundred day moving average is $21.89.

Industria de Diseño Textil (OTCMKTS:IDEXY) last released its quarterly earnings results on Wednesday, March 13th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.23 billion. Industria de Diseño Textil had a return on equity of 32.11% and a net margin of 14.97%. On average, analysts predict that Industria de Diseño Textil will post 1.03 EPS for the current year.

Industria de Diseño Textil Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 17th. Investors of record on Tuesday, April 30th were issued a $0.2921 dividend. The ex-dividend date was Monday, April 29th. This is a boost from Industria de Diseño Textil’s previous dividend of $0.23. Industria de Diseño Textil’s dividend payout ratio is currently 63.44%.

Industria de Diseño Textil Company Profile

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.