Movado Group (NYSE:MOV) updated its FY 2020 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.25-2.35 for the period, compared to the Thomson Reuters consensus estimate of $2.75. The company issued revenue guidance of $725-740 million, compared to the consensus revenue estimate of $754.95 million.Movado Group also updated its FY20 guidance to $2.25-2.35 EPS.
Several brokerages have recently commented on MOV. Cowen cut shares of Movado Group from an outperform rating to a market perform rating and lowered their target price for the stock from $40.00 to $22.00 in a report on Thursday. Zacks Investment Research raised shares of Movado Group from a sell rating to a hold rating in a report on Tuesday, August 6th. Finally, TheStreet cut shares of Movado Group from a b- rating to a c+ rating in a report on Monday, June 10th.
NYSE:MOV traded up $0.05 during mid-day trading on Friday, reaching $21.22. The stock had a trading volume of 10,872 shares, compared to its average volume of 168,636. The stock has a 50-day simple moving average of $24.95 and a two-hundred day simple moving average of $30.22. The stock has a market capitalization of $575.51 million, a PE ratio of 7.90 and a beta of 0.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.99 and a quick ratio of 2.40. Movado Group has a 12 month low of $18.78 and a 12 month high of $48.95.
Movado Group (NYSE:MOV) last issued its earnings results on Wednesday, August 28th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.13). The company had revenue of $157.80 million during the quarter, compared to analyst estimates of $167.00 million. Movado Group had a net margin of 8.22% and a return on equity of 12.43%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 EPS. Equities analysts expect that Movado Group will post 2.3 EPS for the current year.
The firm also recently declared a — dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a dividend yield of 3.8%. Movado Group’s dividend payout ratio (DPR) is presently 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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