Equities research analysts forecast that Movado Group, Inc (NYSE:MOV) will announce $0.49 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Movado Group’s earnings. Movado Group reported earnings of $0.45 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The company is expected to report its next quarterly earnings report on Wednesday, September 4th.

According to Zacks, analysts expect that Movado Group will report full year earnings of $2.75 per share for the current financial year. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Movado Group.

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

MOV has been the subject of several analyst reports. Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Tuesday, July 16th. TheStreet cut Worthington Industries from a “b-” rating to a “c+” rating in a report on Monday, June 10th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MOV. NumerixS Investment Technologies Inc raised its position in shares of Movado Group by 633.3% during the 4th quarter. NumerixS Investment Technologies Inc now owns 2,200 shares of the company’s stock worth $68,000 after buying an additional 1,900 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Movado Group in the 4th quarter valued at $149,000. Group One Trading L.P. grew its stake in Movado Group by 1,741.9% in the 1st quarter. Group One Trading L.P. now owns 4,568 shares of the company’s stock valued at $166,000 after buying an additional 4,320 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Movado Group by 385.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,763 shares of the company’s stock valued at $182,000 after buying an additional 4,576 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in Movado Group in the 4th quarter valued at $198,000. Institutional investors and hedge funds own 71.12% of the company’s stock.

MOV stock traded up $0.20 during trading on Friday, hitting $25.97. 118,105 shares of the company traded hands, compared to its average volume of 143,822. The firm has a market capitalization of $598.56 million, a price-to-earnings ratio of 9.73 and a beta of 0.44. Movado Group has a 1 year low of $24.48 and a 1 year high of $52.10. The stock has a 50-day moving average of $26.39. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.99 and a quick ratio of 2.40.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 11th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.08%. The ex-dividend date was Monday, June 10th. Movado Group’s dividend payout ratio is presently 29.96%.

About Movado Group

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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