Movado Group Inc. (MOV) Scheduled to Post Earnings on Wednesday
Movado Group Inc. (NYSE:MOV) will be posting its quarterly earnings results before the market opens on Wednesday, August 23rd. Analysts expect Movado Group to post earnings of $0.23 per share for the quarter. Movado Group has set its FY18 guidance at $1.40-1.55 EPS.
Movado Group (NYSE:MOV) last issued its quarterly earnings data on Thursday, May 25th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.09. Movado Group had a return on equity of 7.04% and a net margin of 5.13%. The firm had revenue of $99.30 million during the quarter, compared to analyst estimates of $100.23 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The business’s quarterly revenue was down 13.0% compared to the same quarter last year. On average, analysts expect Movado Group to post $1.37 EPS for the current fiscal year and $1.67 EPS for the next fiscal year.
Movado Group Inc. (NYSE MOV) opened at 23.10 on Wednesday. The firm has a 50-day moving average of $24.59 and a 200-day moving average of $23.92. The firm has a market cap of $530.84 million, a price-to-earnings ratio of 19.33 and a beta of 0.35. Movado Group Inc. has a one year low of $20.23 and a one year high of $31.95.
A number of brokerages have weighed in on MOV. ValuEngine raised shares of Movado Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Movado Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $31.00.
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Movado Group Company Profile
Movado Group, Inc designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers.
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