Streetbeat News

MGDDY

Michelin

Industry

Tire Manufacturing (except Retreading)

Open

16.45

Mkt cap

23B

Volume

40K

High

16.45

P/E Ratio

7.31

52-wk high

20.86

Low

16.32

Div yield

0.05

52-wk low

15.80

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

Kamala Harris's proposal to ban price-gouging on groceries has sparked debate, drawing comparisons to past price control measures by FDR and Nixon. The proposal could impact sectors with dominant players, such as soda production, tire manufacturing, wireless communications, and retail. Recent stock movements in these sectors show mixed reactions.

Portfolio Pulse from Michael Juliano

August 23, 2024 | 8:04 pm

Michelin has announced that it still expects its full-year adjusted free cash flow to be above €1.5 billion, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:54 pm

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