It has now been holding at $1.10 since the start of the week. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $5.78. The company has a market cap of $8,131 million and the number of outstanding shares have been calculated to be 269,764,000 shares.
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Goodyear Tire and Rubber Company (NASDAQ:GT) reports Q2 FY2015 earnings before market opens on Wednesday, July 29th. The company has a 52-week high of $43.94. During the same quarter in the previous year, the company posted $0.71 earnings per share. Institutional Investors own 85.7% of Company shares. On average, analysts predict that Goodyear Tire & Rubber Co will post $2.99 earnings per share for the current fiscal year. The ex-dividend date of this dividend is Wednesday, July 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Thursday, May 28th.
The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. The firm upgraded shares of BP plc from a buy rating to a strong-buy rating. Goodyear Tire & Rubber Co presently has an average rating of “Buy” and an average price target of $33.22. They noted that the move was a valuation call. Analysts at Deutsche Bank raised their price target on shares of Goodyear Tire & Rubber Co from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Monday, June 8th. The firm now has $33.03 price target on the stock.
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In the statement by the brokerage house, CLSA downgrades its outlook on The Goodyear Tire & Rubber Company (NASDAQ:GT). In Q1, the company saw increased YoY unit sales in 3 out of 4 of their business segments, with their strongest growth in Latin America and Asia Pacific. The Company operates in two segments: Americas Tire Operations and global Tire Operations. The Company manufactures its products in 52 manufacturing facilities in 22 countries, including the United States. It supplies passenger auto tires. The North America segment is a supplier of tires to manufacturers of automobiles, motorcycles, trucks and aircraft. The Company operates in two segments: Americas Tire Operations and global Tire Operations. The distribution channels and customers include independent tire dealers, wholesale distributors, regional and national retail tire chains, and retail chains that sell tires, as well as other automotive products.
