Equity research analysts at Telsey Advisory Group upgraded their FY2023 earnings per share (EPS) projections for Compagnie Financière Richemont shares in a research note released on Monday, November 14. The stock ticker for Richemont Financial Company SA is OTCMKTS: CFRUY. For the company’s yearly profits per share, analyst D. Telsey of Telsey Advisory Group raised his earlier projection from $0.57 to $0.63. Compagnie Financière Richemont’s full-year earnings are presently anticipated to be $0.59 per share on average. The Telsey Advisory Group expected Compagnie Financière Richemont’s FY2024 earnings to be $0.68 per share.

Shares of CFRUY began trading at $12.21 on Wednesday. The company’s 50-day moving average is $10.26, and its 200-day moving average is $10.67. The Compagnie Financière Richemont’s low and high points for the previous year were $9.27 and $15.67, respectively. The company’s current quick, current, and debt-to-equity ratios are 0.30, 1.74, and 2.42, respectively.
Other brokerages have recently remarked on CFRUY as well. Morgan Stanley raised their target price for Compagnie Financière Richemont in a research note released on Tuesday from CHF 125 to CHF 137. The Royal Bank of Canada raised their target price for Compagnie Financière Richemont from CHF 119 to CHF 135 in a research note released on Tuesday. In a research note released Tuesday, UBS Group raised their target price for Compagnie Financière Richemont from CHF 135 to CHF 146. In a research report released on Tuesday, July 19, Deutsche Bank Aktiengesellschaft maintained a “buy” rating for the stock while lowering their price objective for Compagnie Financière Richemont from CHF 155 to CHF 145. Compagnie Financière Richemont was downgraded by HSBC from “buy” to “hold” as of September 1 in a research note. Three equities research analysts rated the stock as a hold, while eight gave the company a buy rating. According to Bloomberg.com, Compagnie Financière Richemont has a consensus rating of “Moderate Buy” with an average target price of $144.71.
On October 11, the company also announced and paid a dividend. On Thursday, September 22, shareholders of record received a $0.1231 dividend. The ex-dividend date for this dividend was September 21. The resulting yield is 1.77 percent.

In the luxury goods industry, Compagnie Financière Richemont SA works in the markets of Europe, the Middle East, Africa, Asia, and the Americas. The company is divided into jewelry stores, specialty watchmakers, and online shops. It designs, produces, and sells clothes, jewelry, and leather accessories along with writing instruments, watches, and other accurate timepieces.

The post According to Telsey Advisory Group, Compagnie Financière Richemont SA will report earnings for the fiscal year 2023 of $0.63 per share. appeared first on Best Stocks.