|Bid||83.21 x 124500|
|Ask||83.22 x 73800|
|Day's range||81.92 - 83.82|
|52-week range||43.12 - 83.99|
|Beta (5Y monthly)||1.57|
|PE ratio (TTM)||6.60|
|Earnings date||29 Oct 2021|
|Forward dividend & yield||1.35 (1.64%)|
|Ex-dividend date||01 Apr 2021|
|1y target est||95.86|
German carmakers will reveal the extent of the dent a global chip shortage has made in their third quarter earnings over the next ten days, as investors fret over the next bump in the road. But as they find ways around the chip roadblock, analysts are focused on rapidly depleting supplies of magnesium, which automakers use in everything from gearboxes to seat frames and is particularly practical for electric vehicles. Daimler CEO Ola Kaellenius said last week that the company expected chip supply to stabilise in the fourth quarter, but warned a return to normality could take until 2023.
Daimler AG Chief Executive Ola Kaellenius told Reuters on Friday the automaker hopes to stabilize its supply chain for semiconductors during this quarter, but expects real relief from shortages of chips will not arrive until 2023. Kaellenius, who is visiting Mercedes operations in the United States, said production of Mercedes vehicles during the fourth quarter will be lower than a year ago, which was an unusually strong quarter as the company began recovering from pandemic shutdowns. "We cannot have 100 percent certainty" about supplies of semiconductors, Kaellenius said.
With Daimler's (DDAIF) truck division spin-off, the company plans to grow further and continue its dominance in alternative powertrains and automation.