Analysts expect Movado Group, Inc (NYSE:MOV) to report $0.21 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Movado Group’s earnings. Movado Group posted earnings of $0.67 per share during the same quarter last year, which suggests a negative year over year growth rate of 68.7%. The firm is expected to report its next quarterly earnings results on Thursday, March 26th.
On average, analysts expect that Movado Group will report full-year earnings of $1.63 per share for the current year. For the next financial year, analysts anticipate that the firm will report earnings of $1.57 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Movado Group.
Movado Group (NYSE:MOV) last issued its earnings results on Tuesday, November 26th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.21). The firm had revenue of $205.62 million during the quarter, compared to the consensus estimate of $220.00 million. Movado Group had a return on equity of 9.73% and a net margin of 7.99%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.18 EPS.
Separately, Zacks Investment Research downgraded shares of Movado Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 4th.
Shares of Movado Group stock opened at $20.14 on Friday. The company has a market capitalization of $462.18 million, a P/E ratio of 7.54 and a beta of 0.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.06 and a current ratio of 3.52. The company has a fifty day moving average of $20.62 and a 200 day moving average of $23.85. Movado Group has a fifty-two week low of $18.05 and a fifty-two week high of $40.21.
The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.97%. The ex-dividend date was Thursday, December 5th. Movado Group’s dividend payout ratio is currently 29.96%.
A number of institutional investors have recently modified their holdings of MOV. Wells Fargo & Company MN boosted its holdings in Movado Group by 66.8% in the 2nd quarter. Wells Fargo & Company MN now owns 201,292 shares of the company’s stock worth $5,435,000 after buying an additional 80,637 shares during the period. Bank of Montreal Can boosted its holdings in Movado Group by 12.0% in the 2nd quarter. Bank of Montreal Can now owns 5,048 shares of the company’s stock worth $137,000 after buying an additional 540 shares during the period. Quantamental Technologies LLC bought a new position in Movado Group in the 2nd quarter worth $48,000. Northern Trust Corp boosted its holdings in Movado Group by 0.8% in the 2nd quarter. Northern Trust Corp now owns 458,665 shares of the company’s stock worth $12,384,000 after buying an additional 3,631 shares during the period. Finally, US Bancorp DE boosted its holdings in Movado Group by 2,961.4% in the 2nd quarter. US Bancorp DE now owns 6,031 shares of the company’s stock worth $163,000 after buying an additional 5,834 shares during the period. 73.61% of the stock is owned by institutional investors.
Movado Group Company Profile
Movado Group, Inc designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company operates in two segments, Wholesale and Retail. The company offers its watches under the Coach, Concord, Ebel, Olivia Burton, Rebecca Minkoff and Uri Minkoff, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brand names.
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