Movado Group (MOV) Receives Daily News Sentiment Rating of 0.27
News articles about Movado Group (NYSE:MOV) have trended positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Movado Group earned a news impact score of 0.27 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 48.221525598598 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Q4 2018 EPS Estimates for Movado Group Inc. Increased by KeyCorp (MOV) (americanbankingnews.com)
- Movado leaps as watchmaker’s adjusted earnings smash forecasts, guidance raised (proactiveinvestors.co.uk)
- Movado Group, Inc. Earnings Rebound as Cost Cuts Take Hold (fool.com)
- Share Repurchase Plan Declared by Movado Group (MOV) Board (americanbankingnews.com)
- Investor Network: Movado Group Inc to Host Earnings Call (finance.yahoo.com)
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Movado Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub lowered shares of Movado Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, ValuEngine lowered shares of Movado Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $31.00.
Movado Group (MOV) traded up 3.48% on Thursday, reaching $28.25. 80,639 shares of the company’s stock traded hands. The firm has a market cap of $645.26 million, a price-to-earnings ratio of 24.37 and a beta of 0.35. Movado Group has a 52-week low of $20.50 and a 52-week high of $31.95. The stock’s 50 day moving average is $24.12 and its 200 day moving average is $23.73.
Movado Group (NYSE:MOV) last issued its earnings results on Tuesday, August 29th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.18. Movado Group had a return on equity of 7.04% and a net margin of 5.13%. The company had revenue of $128.80 million for the quarter, compared to analysts’ expectations of $122 million. During the same period last year, the business earned $0.27 EPS. Movado Group’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts predict that Movado Group will post $1.61 EPS for the current fiscal year.
Movado Group declared that its Board of Directors has initiated a share repurchase program on Tuesday, August 29th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Friday, September 8th. Movado Group’s dividend payout ratio is currently 45.22%.
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About Movado Group
Movado Group, Inc designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers.
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