Swatch Group (SWGAY) Projected to Release Earnings on Thursday

Swatch Group (OTCMKTS:SWGAY) is expected to be posting its resultson Thursday, July 9th. Analysts expect the company to announce earnings of $0.0784 per share and revenue of $3.8199 billion for the quarter.

Swatch Group Trading Down 0.2%

Shares of SWGAY stock opened at $12.20 on Thursday. The firm’s fifty day moving average price is $12.69 and its two-hundred day moving average price is $11.78. Swatch Group has a 1 year low of $8.01 and a 1 year high of $13.97.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Sanford C. Bernstein downgraded Swatch Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 25th. Royal Bank Of Canada upgraded shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, May 13th. Zacks Research raised shares of Swatch Group to a “hold” rating in a report on Friday, May 8th. Finally, Citigroup reiterated a “neutral” rating on shares of Swatch Group in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Swatch Group

The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.

Manufacturing and technical competence are central to the company’s operations.