Movado Group (MOV) Scheduled to Post Quarterly Earnings on Thursday
Movado Group (NYSE:MOV) will announce its Q115 earnings results on Thursday, May 22nd. Analysts expect the company to announce earnings of $0.32 per share and revenue of $123.07 million for the quarter. Movado Group has set its FY15 guidance at $2.44 EPS.Parties that wish to listen to the company’s conference call can do so using this link.
Movado Group (NYSE:MOV) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.16. The company had revenue of $140.10 million for the quarter, compared to the consensus estimate of $143.50 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts expect Movado Group to post $2.45 EPS for the current fiscal year and $2.89 EPS for the next fiscal year.
Shares of Movado Group (NYSE:MOV) opened at 36.95 on Wednesday. Movado Group has a 52 week low of $31.52 and a 52 week high of $48.50. The stock’s 50-day moving average is $40.74 and its 200-day moving average is $41.95. The company has a market cap of $933.1 million and a P/E ratio of 19.39.
On the ratings front, analysts at Brean Capital raised their price target on shares of Movado Group from $50.00 to $54.00 in a research note on Wednesday, March 26th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.77.
Movado Group, Inc (NYSE:MOV), designs, sources, markets and distributes fine watches.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.