Movado Group (NYSE:MOV) Announces Earnings Results

Movado Group (NYSE:MOV) issued its quarterly earnings data on Wednesday. The company reported $0.51 EPS for the quarter, beating the consensus estimate 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%.

Movado Group Trading Down 4.3 %

MOV stock opened at $13.04 on Wednesday. The company has a market cap of $288.74 million, a price-to-earnings ratio of 12.54 and a beta of 0.92. The firm has a 50-day moving average of $17.59 and a two-hundred day moving average of $18.86. Movado Group has a 12 month low of $12.85 and a 12 month 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 given a dividend of $0.35 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 10.74%. Movado Group’s payout ratio is presently 134.62%.

Wall Street Analysts Forecast Growth

MOV has been the subject of a number of research analyst reports. StockNews.com cut shares of Movado Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. BWS Financial started coverage on Movado Group in a report on Thursday, January 2nd. They issued a “buy” rating and a $31.50 price objective on the stock.

About Movado Group

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.