Streetbeat News

MGDDY

Michelin

Industry

Tire Manufacturing (except Retreading)

Open

18.49

Mkt cap

26B

Volume

3.8K

High

18.57

P/E Ratio

8.31

52-wk high

20.86

Low

18.49

Div yield

0.04

52-wk low

15.70

Michelin disclosed details of its share repurchase program, buying back 36,500 shares at an average price of 34.0013 euros on March 5, 2025. The buyback is aimed at employee shareholding.

Portfolio Pulse from

March 07, 2025 | 8:45 am

Michelin's Q3 results were slightly below expectations, but the company has potential for a positive rerating due to an aging car population and favorable pricing. Michelin offers a balanced investment opportunity with defensive and cyclical traits, a strong balance sheet, and a dividend yield over 4%.

Portfolio Pulse from

January 03, 2025 | 4:30 pm

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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