The stock has lost 5.7% year to date through Wednesday, while the S&P 500 has gained 4%.
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COOPER TIRE & RUBBER COMPANY (CTB) received consensus recommendation of “Outperform” from Analysts polled at Thomson Reuters. “The stock has been suggested as “Buy” from “7” Analysts”. The company market cap of 8.50B. The corporation has earnings per share (EPS) ratio of 1.55.
Our 2018 SOI [segment operating income] estimate sits at $2.3 billion so Goodyear’s growth outlook appears better than our modeling (and Citi 2017-18 EPS consensus). According to these analysts, the Low Revenue Estimate for The Goodyear Tire & Rubber Company is 3.9 Billion and the High Revenue Estimate is 4.19 Billion. (NYSE:OI) are -1.91%; -3.9% for the month; -2.76% for the last quarter; 10.71% for the past six-months; and -17.03% for the last 12 months.
The company will host a live video webcast of the investor meeting today. The stock now has its 52-Week High range of $35.30 and 52-week low range of $24.31. GT’s value Change from Open was at -0.55% with a Gap of -0.26%.
After the last closing session, the bid price was seen at 31.00.
Of that, Goodyear is budgeting $1.8 billion to $1.9 billion for capital expenditures targeted at capacity expansions, $700 million to $800 million to restructurings, $3.5 billion to $4 billion for dividends and share repurchases and $800 million to $900 million to debt repayment.
Shares of Goodyear Tire & Rubber Co. surged 3.5% in premarket trade Thursday, after the tire company boosted its quarterly dividend by 43%. Higher EPS estimate that can be reached in this quarter is determined at $1.28 and lower forecasted EPS is placed at $1.09.
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The shares closed up +1.58 points or 5.13% at $32.39 with 8.36 million shares getting traded. The Company manufactures and sells tires under the Goodyear Dunlop Kelly Debica Sava and Fulda brands and various other Goodyear owned-house brands and the private-label brands of certain customers. The company strengthened this message when it announced its updated financial performance targets and a solid dividend hike. They now have a Dollars 37 price target on the stock. The analyst recommendations from a month ago are 4 Buy, 0 Overweight, 1 Sell, 9 Hold and 0 Underweight. “The move also shows management is thinking the right way strategically about how to enhance shareholder value longer term, as many stores to close are not earning an adequate return on invested capital”, the note said. Company gross margin stands at 13.20% whereas its return on investment (ROI) is 14.50%. Smith Gregory L retains 81,199 shares in the stock after this transaction.
