|Bid||284.10 x 26700|
|Ask||284.20 x 4500|
|Day's range||278.00 - 284.70|
|52-week range||173.60 - 295.10|
|Beta (5Y monthly)||0.75|
|PE ratio (TTM)||24.89|
|Earnings date||09 Nov 2023|
|Forward dividend & yield||4.30 (1.51%)|
|Ex-dividend date||10 May 2023|
|1y target est||337.90|
Key Insights Rheinmetall's significant retail investors ownership suggests that the key decisions are influenced by...
German defence contractor Rheinmetall said on Wednesday its third-quarter profitability jumped on strong demand for weapons and ammunitions, with operating profit expected to top consensus estimates by 15%. The company, which will report full results on Nov. 9, did not specify which orders helped it beat expectations, but Russia's invasion of Ukraine has led to a dramatic increase in demand for munitions across the industry. Rheinmetall said it expected third-quarter profit of 191 million euros ($201.89 million), above a consensus estimate of 165.4 million euros, and an operating profit margin of 10.9%, compared with a consensus of 9.4%, citing economies of scale from increased volumes.
KYIV (Reuters) -Ukraine has set up a joint defence venture with German arms manufacturer Rheinmetall AG to service and repair Western weapons sent to help Kyiv against Russia's full-scale invasion, officials said on Tuesday. Announced by Prime Minister Denys Shmyhal at a German-Ukrainian Business Forum in Berlin, the venture will also help with the localisation of some key equipment produced by Rheinmetall AG, he said. Ukraine relies heavily on financial and military support from the West which has poured in tens of billions of dollars of weapons since Russia launched its full-scale invasion in February 2022.