Jefferies Financial Group Equities Analysts Lower Earnings Estimates for LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY)

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUYGet Rating) – Equities research analysts at Jefferies Financial Group dropped their FY2023 earnings per share estimates for shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne in a research report issued on Thursday, September 8th. Jefferies Financial Group analyst F. Cereda now anticipates that the company will post earnings per share of $6.20 for the year, down from their prior forecast of $6.32. The consensus estimate for LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s current full-year earnings is $5.83 per share. Jefferies Financial Group also issued estimates for LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s FY2024 earnings at $6.81 EPS.

Several other analysts have also weighed in on LVMUY. Berenberg Bank decreased their price objective on LVMH Moët Hennessy – Louis Vuitton, Société Européenne from €840.00 ($857.14) to €710.00 ($724.49) and set a “buy” rating on the stock in a report on Tuesday. UBS Group decreased their price objective on LVMH Moët Hennessy – Louis Vuitton, Société Européenne from €826.00 ($842.86) to €723.00 ($737.76) and set a “buy” rating on the stock in a report on Tuesday, June 7th. Royal Bank of Canada lifted their price objective on LVMH Moët Hennessy – Louis Vuitton, Société Européenne from €790.00 ($806.12) to €815.00 ($831.63) and gave the stock an “outperform” rating in a report on Thursday, May 26th. HSBC lowered LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “buy” rating to a “hold” rating in a report on Thursday, September 1st. Finally, Kepler Capital Markets raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “buy” rating in a report on Tuesday, June 14th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $785.43.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Trading Down 0.6 %

Shares of OTCMKTS:LVMUY opened at $127.95 on Friday. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a 1-year low of $112.04 and a 1-year high of $171.91. The business’s 50 day moving average is $131.82 and its 200-day moving average is $130.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.23 and a quick ratio of 0.63.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Company Profile

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LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers champagnes, wines, and spirits under the Clos des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Cape Mentelle, Newton Vineyard, Cloudy Bay, Belvedere, Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, and Volcan de mi Tierra brands.

See Also

Earnings History and Estimates for LVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTCMKTS:LVMUY)

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