Wall Street brokerages predict that Movado Group, Inc (NYSE:MOV) will post $0.30 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Movado Group’s earnings. Movado Group reported earnings of $0.37 per share in the same quarter last year, which would indicate a negative year over year growth rate of 18.9%. The company is expected to announce its next earnings results on Wednesday, May 29th.
According to Zacks, analysts expect that Movado Group will report full year earnings of $2.77 per share for the current financial year. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Movado Group.
Movado Group (NYSE:MOV) last issued its earnings results on Thursday, March 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.12. Movado Group had a net margin of 9.07% and a return on equity of 13.27%. The business had revenue of $199.40 million during the quarter, compared to the consensus estimate of $194.00 million. During the same period last year, the business posted $0.52 EPS. Movado Group’s revenue was up 33.6% on a year-over-year basis.
Shares of NYSE:MOV opened at $35.59 on Monday. Movado Group has a 52-week low of $28.76 and a 52-week high of $53.72. The stock has a market capitalization of $829.00 million, a P/E ratio of 13.33 and a beta of 0.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.15 and a quick ratio of 2.69.
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $0.80 annualized dividend and a yield of 2.25%. Movado Group’s dividend payout ratio (DPR) is currently 29.96%.
In other Movado Group news, CEO Efraim Grinberg sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $34.47, for a total transaction of $689,400.00. Following the completion of the sale, the chief executive officer now directly owns 204,829 shares in the company, valued at $7,060,455.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 30.56% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Cutler Group LP acquired a new stake in Movado Group during the fourth quarter worth approximately $28,000. NumerixS Investment Technologies Inc lifted its position in Movado Group by 633.3% during the fourth quarter. NumerixS Investment Technologies Inc now owns 2,200 shares of the company’s stock worth $68,000 after acquiring an additional 1,900 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Movado Group during the fourth quarter worth approximately $149,000. Jane Street Group LLC acquired a new stake in Movado Group during the third quarter worth approximately $206,000. Finally, State of Alaska Department of Revenue lifted its position in Movado Group by 6.9% during the fourth quarter. State of Alaska Department of Revenue now owns 5,515 shares of the company’s stock worth $174,000 after acquiring an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 70.30% of the company’s stock.
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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