Compagnie Financière Richemont SA (OTCMKTS:CFRUY – Free Report) – Telsey Advisory Group cut their FY2024 earnings estimates for Compagnie Financière Richemont in a research report issued on Sunday, November 12th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings of $0.74 per share for the year, down from their prior forecast of $0.82. The consensus estimate for Compagnie Financière Richemont’s current full-year earnings is $0.77 per share. Telsey Advisory Group also issued estimates for Compagnie Financière Richemont’s FY2025 earnings at $0.81 EPS.
A number of other brokerages have also recently issued reports on CFRUY. Bank of America cut shares of Compagnie Financière Richemont from a “buy” rating to a “neutral” rating in a report on Monday, September 25th. CLSA assumed coverage on shares of Compagnie Financière Richemont in a report on Thursday, September 14th. They issued a “buy” rating on the stock. Morgan Stanley cut Compagnie Financière Richemont from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 26th. Royal Bank of Canada lowered Compagnie Financière Richemont from an “outperform” rating to a “sector perform” rating in a report on Monday, October 2nd. Finally, Jefferies Financial Group started coverage on shares of Compagnie Financière Richemont in a research note on Wednesday, September 20th. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $144.50.
Compagnie Financière Richemont Stock Performance
Shares of CFRUY opened at $12.35 on Wednesday. The company’s fifty day moving average is $12.26 and its 200-day moving average is $14.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.89 and a current ratio of 2.47. Compagnie Financière Richemont has a 12 month low of $11.41 and a 12 month high of $17.86.
Compagnie Financière Richemont Increases Dividend
The firm also recently declared a dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 22nd were issued a $0.1826 dividend. The ex-dividend date was Thursday, September 21st. This is a positive change from Compagnie Financière Richemont’s previous dividend of $0.12.
About Compagnie Financière Richemont
Compagnie Financière Richemont SA engages in the luxury goods business in France, the United Kingdom, Italy, Switzerland, and rest of Europe. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments. It designs, manufactures, and distributes jewelry products, precision timepieces, watches, writing instruments, clothing, and leather goods and accessories.
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