|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||87.62 - 94.50|
|52 Week Range||87.62 - 130.85|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||9.05|
|Forward Dividend & Yield||3.55 (3.61%)|
|1y Target Est||126.75|
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A warning from Michelin that dragged down tire manufacturers and a disappointing trading update from the London Stock Exchange were the highlights of another packed European corporate slate.
In western Europe, Michelin said demand from original equipment manufacturers dropped 5% following the introduction of new EU emissions standards, while Chinese demand also fell 5%, which Michelin attributed partly to dealers using up existing stocks amid an uncertain economic environment. For the rest of the year Michelin expects a slight increase in volumes and an increase of at least 200 million euros in operating income from recurring activities, which equates to roughly 5% lower than consensus estimates, according to Jefferies analyst Ashik Kurian. Mr. Kurian said the warning reflects Michelin’s poor communication with the market and failure to monitor consensus estimates, rather than any issues with execution.
European stocks managed a modest rise on Friday, recovering from the previous session's sharp fall thanks to a recovery in oil prices, while weak results from Michelin and Bouygues reignited investors' concerns about autos and construction stocks. Italian stocks tumbled 0.4 percent after a ramp-up in rhetoric from the European Commission with Brussels sending Rome a letter demanding an explanation for its budget plans which represented an "unprecedented" breach of EU fiscal rules. Italy's bank stocks index tumbled 1.2 percent.
Demand for Michelin’s products fell in Western Europe because of new emissions-testing standards that have dented car sales, and dropped off in China as its auto market slumped, the company, based in Clermont Ferrand, France, said Thursday. “Given the significant decline in the passenger-car and light-truck and truck-tire markets late in the third quarter and the further weakness expected in the fourth quarter, the group has revised its 2018 markets scenario, notably in China,” the company said. European car sales have gyrated wildly in recent months, as carmakers like Volkswagen AG and Daimler AG struggle adjust to tougher emissions testing in the European Union.
French tire maker Michelin (MICP.PA) cut its full-year market forecasts on Thursday and said a sales slowdown would worsen in the fourth quarter, blaming weaker Chinese vehicle demand and new emissions standards that have hit European registrations. Michelin's own sales volumes are now expected to show only a "slight increase" for 2018, the company said. The fallout from slowing car- and truck-tyre demand in China and a European auto registrations slump linked to tougher new emissions tests has proven worse than expected, Chief Finance Officer Marc Henry told reporters on a call.
PRESS RELEASE Clermont-Ferrand - October 18, 2018 - 6:15pm COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Financial Information for the Nine Months Ended September 30, 2018 €16.2 billion in net sales for ...
A look at the shareholders of Compagnie Générale des Établissements Michelin (EPA:ML) can tell us which group is most powerful. Institutions often own shares in more established companies, while it’s Read More...
Amid popular backlashes against globalism, Michelin chief executive Jean-Dominique Senard believes corporations have a duty to dedicate more of their resources to sustainability and ethical practices.
Compagnie Générale des Etablissements Michelin (hereinafter, the "Company") announces the launch of a new employee share ownership plan enabling employees of the Michelin group to subscribe to a capital increase reserved to employees on preferential terms. The subscription period for the share offering will take place from September 19 to October 4, 2018 (inclusive).
Shares in French tyre maker Michelin (MICP.PA) climbed on Thursday after it confirmed its 2018 financial outlook and said signs of growth in Europe and North America would offset a slowdown in China. Tyre makers such as Michelin and its rivals Continental AG (CONG.DE) and Goodyear (GT.O) have been hit by weaker demand in China, whose economy has been slowing, and the impact of adverse foreign exchange movements and commodity prices.
PRESS RELEASE Clermont-Ferrand, France - September 13, 2018 COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN Michelin confirms its guidance for 2018 After reviewing the main external factors, namely the ...
Compagnie Générale des Établissements Michelin (EPA:ML) has pleased shareholders over the past 10 years, paying out an average dividend of 3.0% annually. The company is currently worth €17.94b, and nowRead More...
Michelin has successfully placed today a three-tranche bond offering for a total amount of €2.5 billion, with 7-year, 12-year and 20-year maturities respectively. It will bear a coupon of 0.875% per annum and will be issued at 99.099% of the nominal value. It will bear a coupon of 1.75% per annum and will be issued at 99.262% of the nominal value.
Today at 10:30 am (CET), Michelin will have a global investor conference call with debt investors, with the intention of launching a euro three-tranche bond offering, with 7-year, 12-year and 20-year maturities respectively. The net proceeds from the issuance of the bonds will be used for general corporate purposes.
I am writing today to help inform people who are new to the stock market and want to learn about Return on Equity using a real-life example. Compagnie Générale desRead More...
Half Year 2018 Compagnie Generale des Etablissements Michelin SCA Earnings Call