Movado Group Q4 Income Falls 43%Por Cirilo Laguardia Mar 21, 2017
For the year, the company reported profit of $35.1 million, or $1.51 per share. Revenue was reported as $552.8 million.
Several analysts recently commented on the stock. Sidoti set a $34.00 target price on shares of Movado Group and gave the company a "buy" rating in a research note on Tuesday, November 22nd. 2 analysts given HOLD rating to the stock.
Shares of Movado Group, Inc (NYSE:MOV) traded up 0.43% during mid-day trading on Friday, hitting $23.60. With the last stock price close down -5.67% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. The stock's market capitalization is 541.20M, it has a 52-week low of 19.14 and a 52-week high of 31.95.
TheStreet has downgraded Movado Group, Inc (NYSE:MOV) to C+ in a statement released on 3/10/2017. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.01.
The consensus estimates from Thomson Reuters are income of $ 0.23 per share from $ 137.11 million in revenue. Currently, the Return on Assets value for the trailing twelve months is 6.3% with the Return on Equity and Return on Investment of 8.3% and 9.7% respectively. The business's revenue for the quarter was down 8.7% compared to the same quarter past year. During the same period in the prior year, the firm posted $0.40 earnings per share.
On 05/26/2016, Analysts were suspecting EPS of $0.16/share where Movado Group, Inc. Investors of record on Friday, March 31st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.20%. Movado Group's dividend payout ratio is presently 32.10%.
The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc.in 1996. The company operates in 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. The company offers its watches under the Coach, Concord, Ebel, ESQ Movado, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brands to jewelry store chains, department stores, independent regional jewelers, licensors retail stores, and a network of independent distributors.
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