Movado Group (NYSE:MOV) Issues FY 2025 Earnings Guidance

Movado Group (NYSE:MOV) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.900-0.900 for the period, compared to the consensus estimate of 0.910. The company issued revenue guidance of $665.0 million-$665.0 million, compared to the consensus revenue estimate of $663.3 million.

Analyst Ratings Changes

Separately, StockNews.com downgraded Movado Group from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.

Movado Group Trading Up 0.4 %

NYSE MOV opened at $20.88 on Friday. The company has a market cap of $463.95 million, a price-to-earnings ratio of 20.08 and a beta of 1.04. Movado Group has a 1-year low of $17.86 and a 1-year high of $31.44. The company has a 50 day moving average of $19.40 and a 200-day moving average of $22.37.

Movado Group (NYSE:MOV) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). Movado Group had a return on equity of 7.23% and a net margin of 5.45%. The firm had revenue of $159.31 million for the quarter. During the same period last year, the company earned $0.38 earnings per share. On average, equities research analysts forecast that Movado Group will post 0.9 earnings per share for the current year.

Movado Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.40 annualized dividend and a dividend yield of 6.70%. Movado Group’s dividend payout ratio is currently 134.62%.

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.