The Goodyear Tire & Rubber Company Earnings Ahead: Quick Glance

by Ben Pena April 30, 2017, 1:36
The Goodyear Tire & Rubber Company Earnings Ahead: Quick Glance

Institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co Can accumulated 655,726 shares or 0.06% of the stock. About 1.40M shares traded or 146.31% up from the average. (NYSE:JCP), stock is trading $11.30 above the 52-week high and has displayed a high EPS growth of 14.90% in last 5 years. The stock's 50 day moving average price is $43.10 and its 200-day moving average price is $39.04. The firm has a market capitalization of $9.04 billion, a P/E ratio of 7.5814 and a beta of 1.42. Jefferies Group LLC lowered shares of Goodyear Tire & Rubber Co from a "buy" rating to a "hold" rating and set a $38.00 price objective on the a report on Friday, February 24th. For the outlook of the current financial quarter, Analysts think the firm will post 0.63 earnings per share.

02/18/2014 - Cooper Tire & Rubber Company was upgraded to "buy" by analysts at Ned Davis Research.

First quarter 2017 segment operating income of $98 million was 23 percent above the prior year due to favorable price/mix net of raw material costs and lower selling, administrative and general expense partially offset by the impact of lower volume.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 1st will be given a $0.10 dividend. The ex-dividend date was Tuesday, February 28th. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. Moreover, earnings surpassed the Zacks Consensus Estimate of 63 cents. Northcoast Research cut shares of Cooper Tire & Rubber Co from a "buy" rating to a "neutral" rating in a report on Tuesday, April 18th. Goodyear Tire & Rubber Co's dividend payout ratio (DPR) is now 8.40%. Standpoint Research initiated the shares of CTB in report on Friday, May 27 with "Buy" rating. Analysts expected $3.69 billion in revenue, according to Zacks. The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.10.

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Pick-up in orders for heavy-duty trucks, whose production had fallen in the United States due to a supply glut, is likely to help the tire maker's sales in 2017. If you are accessing this news story on another domain, it was stolen and reposted in violation of USA and worldwide copyright and trademark law. Cooper Tire & Rubber Co's dividend payout ratio (DPR) is presently 9.86%. Marcato Capital Management Lp sold 550,000 shares as Goodyear Tire & Rubr Co (GT)'s stock rose 24.71%. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Its the United Kingdom entity manufactures and markets passenger vehicle, light truck, motorcycle and racing tires and tire retread material. Sales growth past 5 years was measured at -7.80%. The Firm operates through four divisions: North America, Latin America, Europe, and Asia.

"We feel very good about the performance of commercial truck during the quarter and its potential in the second half of the year", Chief Financial Officer Laura Thompson said on the earnings call.

The stock price weekly volatility remained at 1.53% while volatility is standing at 2.20% for the month. It is positive, as 72 investors sold Community Health Systems shares while 55 reduced holdings. Eaton Vance Management now owns 3,915,368 shares of the company's stock worth $126,466,000 after buying an additional 1,641,819 shares during the period. Free cash flow (FCF) is the cash produced by the company minus capital expenditure. As of December 31, 2016, the Company operated nine manufacturing facilities and 20 distribution centers in 10 countries. Goodyear Tire & Rubber Co (NASDAQ:GT) has risen 10.61% since September 21, 2016 and is uptrending.

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