Previous close | 512.40 |
Open | 513.80 |
Bid | 532.20 x 26700 |
Ask | 532.60 x 4500 |
Day's range | 511.00 - 536.60 |
52-week range | 226.50 - 571.80 |
Volume | |
Avg. volume | 442,091 |
Market cap | 23.298B |
Beta (5Y monthly) | 0.73 |
PE ratio (TTM) | 39.37 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 5.70 (1.11%) |
Ex-dividend date | 15 May 2024 |
1y target est | N/A |
DUESSELDORF (Reuters) -Rheinmetall floated the idea of a European arms consortium to better compete with U.S. rivals as the German defence group set out its global ambitions in a booming industry. The company, a major beneficiary of rising defence spending since Russia's full-scale invasion of Ukraine in 2022, is forecasting record revenue of more than 10 billion euros ($11 billion) this year and its order book to reach 60 billion euros. "We want to become a worldwide player and we can currently do that on our own thanks to our good cash flow," CEO Armin Papperger told a gathering of the WPV business reporters association in Duesseldorf late on Thursday.
Stocks in European defense companies had a mixed reaction after reports that Israel had launched a retaliatory strike on Iran. The Wall Street Journal said the strike targeted the area around Isfahan in central Iran, according to people familiar with the matter. European defense stocks have largely been a winning trade this year, with Rheinmetall gaining 74% so far in 2024 and Leonardo gaining 48%.
Rheinmetall AG ( ETR:RHM ) has announced that it will be increasing its dividend from last year's comparable payment on...