Streetbeat News

MGDDF

Michelin

Industry

Tire Manufacturing (except Retreading)

Open

33.75

Mkt cap

22B

Volume

653

High

33.75

P/E Ratio

2.87

52-wk high

43.18

Low

32.01

Div yield

0.04

52-wk low

31.27

Michelin has adjusted its full-year guidance, expecting sales volumes to range between -6% and 4%. The group's total sales for the first nine months were €20.171 billion, a 4.6% decrease year-over-year. Segment operating income is now expected to be around €3.4 billion, down from the previous estimate of more than €3.5 billion.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 3:52 pm

A J.D. Power report indicates a satisfaction gap between EV and gas vehicle owners due to faster tire wear in EVs, attributed to their greater weight and torque. Michelin leads in tire customer satisfaction across several vehicle segments, while Goodyear has been proactive in the EV tire market with its ElectricDrive tire. Tesla has also addressed tire wear with a software update.

Portfolio Pulse from Anan Ashraf

March 27, 2024 | 11:14 am

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