FY2024 EPS Estimates for LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Decreased by Analyst

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) – Stock analysts at Telsey Advisory Group cut their FY2024 earnings estimates for shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne in a research note issued to investors on Thursday, April 11th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn $6.99 per share for the year, down from their prior forecast of $7.15. The consensus estimate for LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s current full-year earnings is $6.95 per share. Telsey Advisory Group also issued estimates for LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s FY2025 earnings at $7.48 EPS.

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

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Stock Performance

LVMUY stock opened at $165.41 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.32 and a debt-to-equity ratio of 0.18. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a 52 week low of $138.11 and a 52 week high of $200.76. The firm’s fifty day moving average is $178.96 and its 200 day moving average is $161.71.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 10th. Stockholders of record on Monday, April 22nd will be paid a $1.6107 dividend. The ex-dividend date of this dividend is Friday, April 19th. This is a positive change 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.