Movado Group (MOV) Expected to Announce Earnings on Tuesday

Movado Group (NYSE:MOV) will likely be announcing its earnings results before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $180.62 million for the quarter.

Movado Group Trading Down 1.9 %

NYSE MOV opened at $17.63 on Monday. The stock has a market capitalization of $390.27 million, a price-to-earnings ratio of 16.95 and a beta of 0.96. The business’s 50 day moving average is $19.07 and its two-hundred day moving average is $19.34. Movado Group has a 12-month low of $17.24 and a 12-month high of $28.26.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MOV. StockNews.com lowered Movado Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. BWS Financial initiated 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 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.