Three analysts have made estimates for The Goodyear Tire & Rubber Company's earnings, with estimates ranging from $0.56 to $0.94.
Stock analysts at Jefferies Group dropped their Q3 2017 earnings estimates for shares of Cooper Tire & Rubber in a research note issued on Monday.
The institutional ownership of Cooper Tire & Rubber Company (NYSE:CTB) was 93.90%. During the same quarter in the prior year, the company earned $1.27 EPS. BIALOSKY DAVID L also sold $891,985 worth of Goodyear Tire & Rubber Co (NASDAQ:GT) shares. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.75 by $0.05. The Goodyear Tire & Rubber Company had a return on equity of 22.60% and a net margin of 8.22%. Cooper Tire & Rubber's revenue was down 2.6% on a year-over-year basis. The company's forward price to earnings ratio for next fiscal year is 8.49.
Several equities research analysts recently weighed in on GT shares. Jefferies Group LLC restated a "hold" rating and set a $40.00 target price on shares of Cooper Tire & Rubber in a report on Thursday, July 6th. The ratio has improved, as 120 hedge funds increased or started new positions, while 100 trimmed and sold holdings in Cooper Tire & Rubber Co. The stock has "Buy" rating by Jefferies on Tuesday, June 20. (The) set a $29.00 target price on The Goodyear Tire & Rubber and gave the company a "hold" rating in a research note on Tuesday, August 1st. Zacks Investment Research's sales averages are an average based on a survey of research analysts that that provide coverage for Cooper Tire & Rubber.
Based on the latest notes released to investors, 1 analyst has issued a rating of "buy", 2 analysts "outperform", 3 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". The average 12-month price objective among brokerages that have issued ratings on the stock in the a year ago is $42.00.
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The Goodyear Tire & Rubber Company (GT) stock is growing 0.83% to $31.46. Globeflex Capital Lp invested in 34,190 shares or 0.26% of the stock. The stock has a 50 day moving average of $33.78 and a 200 day moving average of $33.97. The market capitalization for the company is reported at $1.87B. The Goodyear Tire & Rubber has a 12 month low of $26.82 and a 12 month high of $37.20. The ex-dividend date will be Tuesday May 30th, 2017. As per Friday, July 28, the company rating was maintained by Cowen & Co. This represents a $0.40 annualized dividend and a yield of 1.10%. Cooper Tire & Rubber's dividend payout ratio (DPR) is now 11.67%.
WARNING: This article was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are accessing this report on another domain, it was illegally copied and republished in violation of USA and worldwide copyright law. The legal version of this article can be read at https://transcriptdaily.com/2017/08/09/brokerages-expect-the-goodyear-tire-rubber-company-gt-to-post-0-78-eps-updated-updated-updated.html. To measure price-variation, we found GORO's volatility during a week at 6.58% and during a month it has been found around 4.65%. Following the transaction, the insider now directly owns 78,099 shares of the company's stock, valued at approximately $2,756,113.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. $220,316 worth of stock was sold by McClellan Stephen R on Monday, April 10. Pacer Advisors Inc. now owns 5,883 shares of the company's stock valued at $206,000 after buying an additional 457 shares during the last quarter. Dean Capital Management acquired 4,770 shares as Moog Inc Cl A (MOG.A)'s stock 0.00%. DnB Asset Management AS increased its position in shares of The Goodyear Tire & Rubber by 39.2% in the first quarter. Finally, Capstone Asset Management Co. increased its position in shares of The Goodyear Tire & Rubber by 13.3% in the first quarter. "Moreover, a strong balance sheet and frequent share repurchases by the company will boost shareholders' value".
Oppenheimer Asset Management Inc. holds 26.8% of its portfolio in Cooper Tire & Rubber Co for 1,346 shares. Creative Planning now owns 2,585 shares of the company's stock valued at $115,000 after buying an additional 129 shares during the last quarter.
06/15/2015 - Cooper Tire & Rubber Company had its "neutral" rating reiterated by analysts at SunTrust. The Firm operates through four divisions: North America, Latin America, Europe, and Asia.
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