Movado Group (MOV) Updates FY 2020 Earnings Guidance
Movado Group (NYSE:MOV) updated its FY 2020 earnings guidance on Thursday. The company provided earnings per share guidance of $2.70-2.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.90. The company issued revenue guidance of $750-765 million, compared to the consensus revenue estimate of $737.96 million.
Separately, Zacks Investment Research cut shares of Movado Group from a buy rating to a hold rating in a research report on Wednesday, December 12th.
Shares of NYSE MOV opened at $32.63 on Thursday. The company has a quick ratio of 2.19, a current ratio of 3.53 and a debt-to-equity ratio of 0.10. Movado Group has a 52-week low of $28.76 and a 52-week high of $53.72. The company has a market capitalization of $745.74 million, a price-to-earnings ratio of 16.32 and a beta of 0.14.
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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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