LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) to Post FY2024 Earnings of $6.81 Per Share, Telsey Advisory Group Forecasts

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) – Telsey Advisory Group decreased their FY2024 earnings estimates for shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne in a research note issued to investors on Tuesday, April 16th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings of $6.81 per share for the year, down from their prior forecast of $6.99. The consensus estimate for LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s current full-year earnings is $6.92 per share. Telsey Advisory Group also issued estimates for LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s FY2025 earnings at $7.38 EPS.

A number of other analysts also recently weighed in on the stock. Barclays upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 26th. HSBC cut shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a consensus rating of “Hold”.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Price Performance

LVMH Moët Hennessy – Louis Vuitton, Société Européenne stock opened at $170.18 on Friday. The company’s 50-day moving average price is $179.00 and its 200-day moving average price is $162.20. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a twelve month low of $138.11 and a twelve month high of $200.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 1.32.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 10th. Investors of record on Monday, April 22nd will be paid a dividend of $1.6107 per share. The ex-dividend date is Friday, April 19th. This is a boost from LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s previous dividend of $1.20.

About LVMH Moët Hennessy – Louis Vuitton, Société Européenne

LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.