Movado Group Reiterates FY20 Outlook, Declares Dividend - Quick Facts

(RTTNews) - While reporting financial results for the first quarter of fiscal 2020 on Thursday, Movado Group, Inc. (MOV) reiterating its outlook for the full-year 2020. The company also declared a dividend.

For fiscal 2020, the company continues to anticipate earnings in the range of $2.70 to $2.80 per share on net sales between $750.0 million and $765.0 million.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.23 per share on revenues of $608.87 million for the year. Analysts' estimates typically exclude special items.

The company also announced that the Board of Directors approved the payment on June 25, 2019 of a cash dividend in the amount of $0.20 for each share of the Company's outstanding common stock and class A common stock held by shareholders of record as of the close of business on June 11, 2019.