Movado Group (MOV) Receiving Favorable Media Coverage, Report Shows

News headlines about Movado Group (NYSE:MOV) have trended positive this week, AlphaOne Sentiment reports. AlphaOne, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Movado Group earned a daily sentiment score of 0.50 on AlphaOne’s scale. AlphaOne also assigned media stories about the company an impact score of 84 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the near term.

Movado Group (NYSE:MOV) last posted its quarterly earnings results on Monday, March 20th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.01. The company had revenue of $130.80 million during the quarter, compared to the consensus estimate of $137.11 million. Movado Group had a net margin of 6.67% and a return on equity of 8.97%. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share.

MOV has been the subject of several recent analyst reports. Sidoti raised Movado Group from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Monday, January 30th. TheStreet cut Movado Group from a “b-” rating to a “c+” rating in a research report on Friday, March 10th. Zacks Investment Research cut Movado Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 24th. Finally, Cowen and Company reduced their price objective on Movado Group from $27.00 to $25.00 and set a “market perform” rating for the company in a research report on Monday, March 20th.

TRADEMARK VIOLATION NOTICE: “Movado Group (MOV) Receiving Favorable Media Coverage, Report Shows” was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.chaffeybreeze.com/2017/05/20/movado-group-mov-receives-media-sentiment-score-of-0-50-updated.html.

About Movado Group

Movado Group, Inc designs, sources, markets and distributes watches. The Company operates through 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. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers.

12 Month Chart for NYSE:MOV

Receive News & Ratings for Movado Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Movado Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply