Michelin (MGDDY) Projected to Announce Quarterly Earnings on Monday

Michelin (OTCMKTS:MGDDY) is expected to issue its resultson Monday, July 27th. Analysts expect the company to post earnings of $0.7480 per share and revenue of $15.0989 billion for the quarter.

Michelin Stock Performance

Shares of MGDDY opened at $20.06 on Monday. The company has a 50-day moving average of $18.89 and a 200 day moving average of $18.42. Michelin has a 1-year low of $14.82 and a 1-year high of $20.48. The company has a current ratio of 1.90, a quick ratio of 1.22 and a debt-to-equity ratio of 0.04.

Analyst Upgrades and Downgrades

MGDDY has been the subject of several research reports. Barclays upgraded shares of Michelin from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 14th. Zacks Research upgraded Michelin from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Michelin in a research report on Friday, July 3rd. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Michelin Company Profile

Michelin (OTCMKTS: MGDDY) is a French multinational tire manufacturer founded in 1889 and headquartered in Clermont-Ferrand, France. Over more than a century the company has grown into one of the world’s leading tiremakers, serving passenger car, truck, motorcycle, bicycle, agricultural, construction and aviation markets. Michelin has a global footprint with manufacturing facilities, research centers and commercial operations across multiple regions to supply OEMs, replacement markets and large commercial fleets.

The company’s core business is the design, manufacture and sale of tires and related products.