|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||85.80 - 90.74|
|52 Week Range||51.10 - 152.30|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||54.30|
|Earnings Date||Jul. 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 27, 2019|
|1y Target Est||119.08|
Safran's <SAF.PA> core profit tumbled in the first half of the year, but the drop was not as bad as expected as the jet engine maker went into the coronavirus crisis propelled by the momentum from a strong first quarter. Safran said it expected a 35% drop in revenue and an operating margin of around 10% for the full year, and positive free cashflow in the second half. Safran's shares rose around 4%.
Before the 737 MAX and COVID-19 crises rocked aviation, Boeing offered a major 737 supplier, Teledyne Controls, a take-it-or-leave-it deal. If the Teledyne Technologies unit also wanted to be a top-tier supplier on the blockbuster 737 MAX program and a future jet codenamed NMA, it had to slash prices for its data systems, according to a person familiar with the situation. It also needed to give Boeing a share of the higher-margin work for repairs.
France's Safran, the world's third-largest aerospace supplier, has began building a new factory in the northern Mexican border state of Chihuahua, Mexican Foreign Minister Marcelo Ebrard said on Saturday. Safran, which has two plants in the Mexican industrial city of Queretaro, did not immediately respond to a Reuters request for comment. Safran in May announced it had laid off 3,000 employees in Mexico amid an unprecedented crisis in the aerospace industry stemming from the coronavirus pandemic.