FY2024 Earnings Estimate for LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Issued By Telsey Advisory Group

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April 19, 2024

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY – Free Report) – Equities research analysts at Telsey Advisory Group reduced their FY2024 earnings per share estimates for LVMH Moët Hennessy – Louis Vuitton, Société Européenne in a report issued on Tuesday, April 16th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings per share of $6.81 for the year, down from their previous estimate 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 brokerages also recently weighed in on LVMUY. HSBC downgraded LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Barclays raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 26th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Check Out Our Latest Stock Report on LVMUY

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Stock Performance

Shares of LVMUY stock traded down $0.57 during mid-day trading on Friday, hitting $170.18. The stock had a trading volume of 176,803 shares, compared to its average volume of 175,939. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a 12-month low of $138.11 and a 12-month high of $200.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.32 and a quick ratio of 0.63. The firm’s 50-day moving average is $179.00 and its two-hundred day moving average is $162.20.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Increases Dividend

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

About LVMH Moët Hennessy – Louis Vuitton, Société Européenne

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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.

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