Fossil Group (NASDAQ:FOSL) Posts Quarterly Earnings Results

Fossil Group (NASDAQ:FOSL) released its quarterly earnings data on Wednesday. The accessories brand company reported $0.39 earnings per share (EPS) for the quarter, Zacks reports. Fossil Group had a negative return on equity of 40.95% and a negative net margin of 10.07%.

Fossil Group Trading Down 0.8 %

FOSL stock traded down $0.01 during trading on Wednesday, hitting $1.27. The company had a trading volume of 571,186 shares, compared to its average volume of 643,273. The business has a 50-day moving average of $1.66 and a 200-day moving average of $1.46. Fossil Group has a one year low of $0.75 and a one year high of $2.61. The stock has a market cap of $67.56 million, a PE ratio of -0.55 and a beta of 2.12. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company’s products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.