Previous close | 231.49 |
Open | 238.63 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 233.20 - 239.79 |
52-week range | 145.91 - 241.29 |
Volume | |
Avg. volume | 2,842 |
Market cap | 96.973B |
Beta (5Y monthly) | 1.33 |
PE ratio (TTM) | 26.82 |
EPS (TTM) | 8.75 |
Earnings date | 31 July 2024 |
Forward dividend & yield | 2.38 (1.01%) |
Ex-dividend date | 28 May 2024 |
1y target est | N/A |
Striking Montreal-area Safran workers who make components for landing gear used in Airbus and Boeing jets have made a counter offer that could avert a longer dispute, a union official told Reuters on Friday. Workers who produce forgings for the landing gear used in aircraft like Airbus's A320 family and A350 jets, along with Boeing's 787, began a seven-day strike on Tuesday and are ready to walk off the job indefinitely if they don't reach a deal, union local president Michael Durand said.
The two companies dominate aircraft manufacturing and their recent production issues provide opportunities for others. Here are two stocks in the sector that can gain.
French jet engine maker Safran posted an 18.1% jump in first-quarter revenue and reaffirmed financial targets for the year while joining U.S. partner GE Aerospace in lowering a target for engine deliveries. The Paris-based company posted quarterly revenues of 6.22 billion euros ($6.67 billion), up 19.1% on an underlying basis. Safran co-produces engines for Boeing and Airbus narrow-body jets with GE Aerospace through their CFM joint venture, which is the sole supplier to Boeing's 737 MAX family of jets and competes with Pratt & Whitney on the Airbus A320neo series.