Movado Group (NYSE:MOV – Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 0.900-1.000 for the period, compared to the consensus EPS estimate of 1.260. The company issued revenue guidance of $665.0 million-$675.0 million, compared to the consensus revenue estimate of $701.5 million.
Movado Group Stock Performance
Shares of Movado Group stock opened at $19.27 on Friday. Movado Group has a 52-week low of $19.00 and a 52-week high of $31.44. The stock has a market capitalization of $427.99 million, a price-to-earnings ratio of 10.77 and a beta of 1.00. The company has a fifty day moving average of $24.45 and a 200-day moving average of $25.88.
Movado Group (NYSE:MOV – Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). Movado Group had a net margin of 6.09% and a return on equity of 8.18%. During the same quarter in the prior year, the business earned $0.38 EPS. On average, equities research analysts forecast that Movado Group will post 1.25 earnings per share for the current fiscal year.
Movado Group Dividend Announcement
Analysts Set New Price Targets
Separately, Benchmark reiterated a buy rating and set a $41.00 price target on shares of Movado Group in a report on Friday, May 31st.
Get Our Latest Stock Report on Movado Group
Insiders Place Their Bets
In other Movado Group news, SVP Michelle Kennedy sold 1,245 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $26.05, for a total value of $32,432.25. Following the completion of the transaction, the senior vice president now directly owns 12,202 shares in the company, valued at approximately $317,862.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 30.11% of the company’s stock.
Movado Group Company Profile
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.
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