Movado Group (NYSE:MOV - Get Free Report) released its earnings results on Wednesday. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.12, Zacks reports. Movado Group had a return on equity of 5.38% and a net margin of 3.62%. The business had revenue of $181.48 million for the quarter, compared to analyst estimates of $180.62 million.
Movado Group Trading Down 2.3 %
NYSE MOV traded down $0.32 on Friday, hitting $13.32. 483,352 shares of the company's stock traded hands, compared to its average volume of 198,892. The firm's 50-day moving average price is $17.21 and its two-hundred day moving average price is $18.75. The firm has a market capitalization of $294.83 million, a PE ratio of 12.80 and a beta of 0.92. Movado Group has a 1-year low of $12.85 and a 1-year high of $27.80.
Movado Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Tuesday, April 22nd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.40 annualized dividend and a yield of 10.51%. Movado Group's dividend payout ratio (DPR) is presently 134.62%.
Analyst Ratings Changes
Several research firms have recently weighed in on MOV. BWS Financial began coverage on shares of Movado Group in a research note on Thursday, January 2nd. They set a "buy" rating and a $31.50 price target for the company. StockNews.com lowered Movado Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th.
View Our Latest Analysis on Movado Group
Movado Group Company Profile
(
Get Free Report)
Movado Group, Inc designs, sources, markets, and distributes watches in the United States and internationally. The company operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein.
Further Reading
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