Movado Group (MOV) Announces Quarterly Earnings Results, Misses Estimates By $0.10 EPS
Movado Group (NYSE:MOV) posted its quarterly earnings results on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.10, Analyst Ratings.Net reports. The company had revenue of $143.60 million for the quarter, compared to the consensus estimate of $153.00 million.
On a related note, analysts at Barrington Research initiated coverage on shares of Movado Group in a research note on Monday, June 23rd. They set an “outperform” rating and a $49.00 price target on the stock.
Shares of Movado Group (NYSE:MOV) opened at 44.04 on Tuesday. Movado Group has a one year low of $34.77 and a one year high of $48.50. The stock has a 50-day moving average of $41. and a 200-day moving average of $40.81. The company has a market cap of $1.114 billion and a P/E ratio of 22.67.
Movado Group, Inc (NYSE:MOV), designs, sources, markets and distributes fine watches.
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