Michelin (MGDDY) Expected to Release Earnings on Monday

Michelin (OTCMKTS:MGDDY) will likely be posting 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 Trading Down 0.5%

Shares of OTCMKTS MGDDY opened at $19.48 on Friday. The stock’s fifty day moving average is $19.02 and its 200 day moving average is $18.52. Michelin has a 52 week low of $14.82 and a 52 week high of $20.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.22 and a current ratio of 1.90.

Analyst Ratings Changes

Several research firms have commented on MGDDY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Michelin in a report on Friday, July 3rd. Zacks Research raised shares of Michelin from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Barclays upgraded shares of Michelin from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average 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.