Analysts predict that Movado Group, Inc (NYSE:MOV) will announce earnings of $0.49 per share for the current quarter, according to Zacks. Zero analysts have made estimates for Movado Group’s earnings. Movado Group reported earnings of $0.45 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8.9%. The business is scheduled to report its next earnings results on Wednesday, September 4th.
On average, analysts expect that Movado Group will report full-year earnings of $2.75 per share for the current fiscal year. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Movado Group.
Movado Group (NYSE:MOV) last released its quarterly earnings results on Thursday, May 30th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.06). Movado Group had a return on equity of 12.43% and a net margin of 8.22%. The business had revenue of $146.55 million during the quarter, compared to the consensus estimate of $148.70 million. During the same period in the previous year, the company posted $0.37 EPS. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the stock. Comerica Bank boosted its position in shares of Movado Group by 2.5% in the 1st quarter. Comerica Bank now owns 16,285 shares of the company’s stock valued at $557,000 after purchasing an additional 391 shares during the period. Texas Permanent School Fund boosted its position in shares of Movado Group by 3.8% in the 4th quarter. Texas Permanent School Fund now owns 10,797 shares of the company’s stock valued at $341,000 after purchasing an additional 398 shares during the period. Hsbc Holdings PLC boosted its position in shares of Movado Group by 1.9% in the 4th quarter. Hsbc Holdings PLC now owns 31,883 shares of the company’s stock valued at $1,008,000 after purchasing an additional 580 shares during the period. Two Sigma Advisers LP boosted its position in shares of Movado Group by 1.5% in the 4th quarter. Two Sigma Advisers LP now owns 48,900 shares of the company’s stock valued at $1,546,000 after purchasing an additional 700 shares during the period. Finally, United Services Automobile Association boosted its position in shares of Movado Group by 15.4% in the 4th quarter. United Services Automobile Association now owns 6,733 shares of the company’s stock valued at $213,000 after purchasing an additional 896 shares during the period. 71.12% of the stock is owned by institutional investors and hedge funds.
MOV stock traded up $0.09 during trading hours on Friday, hitting $25.86. 3,640 shares of the stock traded hands, compared to its average volume of 140,911. The firm has a 50-day moving average of $26.46. Movado Group has a one year low of $24.48 and a one year high of $52.10. The firm has a market capitalization of $594.00 million, a P/E ratio of 9.67 and a beta of 0.44. 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 also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 11th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 3.09%. Movado Group’s dividend payout ratio is currently 29.96%.
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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