Michelin (MGDDY) Projected to Post Earnings on Monday

Michelin (OTCMKTS:MGDDY) will likely be announcing its resultson Monday, July 27th. Analysts expect Michelin to post earnings of $0.7480 per share and revenue of $15.0989 billion for the quarter.

Michelin Stock Performance

Michelin stock opened at $20.06 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.22 and a current ratio of 1.90. Michelin has a one year low of $14.82 and a one year high of $20.48. The stock’s fifty day moving average price is $18.89 and its two-hundred day moving average price is $18.42.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MGDDY shares. Barclays upgraded Michelin from an “underweight” rating to an “equal weight” rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Michelin in a research note on Friday, July 3rd. Finally, Zacks Research raised Michelin from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

About Michelin

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.