Movado Group (MOV) Scheduled to Post Quarterly Earnings on Wednesday

Movado Group (NYSE:MOV) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 28th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Movado Group has set its FY 2020 guidance at $2.70-2.80 EPS and its FY20 guidance at $2.70-2.80 EPS.

Movado Group (NYSE:MOV) last issued its quarterly earnings data on Thursday, May 30th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). Movado Group had a return on equity of 12.43% and a net margin of 8.22%. The firm had revenue of $146.55 million during the quarter, compared to analyst estimates of $148.70 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The business’s quarterly revenue was up 15.3% compared to the same quarter last year.

MOV stock traded up $0.19 during trading on Thursday, reaching $25.27. The stock had a trading volume of 602 shares, compared to its average volume of 136,930. Movado Group has a 1-year low of $22.21 and a 1-year high of $52.10. The company has a current ratio of 3.99, a quick ratio of 2.40 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $550.85 million, a P/E ratio of 9.46 and a beta of 0.44. The firm has a fifty day moving average price of $25.41 and a 200 day moving average price of $30.54.

MOV has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Movado Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. TheStreet lowered shares of Movado Group from a “b-” rating to a “c+” rating in a report on Monday, June 10th.

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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Earnings History for Movado Group (NYSE:MOV)

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