Cooper Tire & Rubber Company (NASDAQ:CTB) To Release Earnings

Posted April 30, 2017

On Tuesday, February 14 BIALOSKY DAVID L sold $891,985 worth of Goodyear Tire & Rubber Co (NASDAQ:GT) or 25,000 shares. The company reported $0.74 EPS for the quarter, topping the Zacks' consensus estimate of $0.63 by $0.11.

The stock of Cooper Tire & Rubber Co (NYSE:CTB) gapped down by $2.77 today and has $37.83 target or 3.00% below today's $39.00 share price. The Marcato Capital Management Lp holds 3.84 million shares with $118.54 million value, down from 4.39M last quarter. That compares to net income of $184 million, or 68 cents per share, on revenue of $3.7 billion a year ago. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by $0.12. Revenue inched up to $3.70 billion from $3.69 billion, below the FactSet consensus of $3.78 billion, as sales were flat in the Americas, declined slightly in the Europe, Middle East and Africa region and edged up in Asia Pacific.

Shares of Goodyear Tire & Rubber Co (NASDAQ:GT) traded up 0.2117% during mid-day trading on Wednesday, reaching $35.9359. State Street Corp now owns 12,419,631 shares of the company's stock worth $383,401,000 after buying an additional 294,763 shares during the period. Cooper Tire & Rubber Co had a net margin of 8.17% and a return on equity of 23.13%. The ex-dividend date of this dividend was Tuesday, February 28th. Kihn Jean Claude also sold $11,395 worth of Goodyear Tire & Rubber Co (NASDAQ:GT) on Wednesday, November 30. The Shareholder Yield of Cooper Tire & Rubber Company (NYSE:CTB) is 0.055601. Janney Montgomery Scott LLC raised its stake in Goodyear Tire & Rubber Co by 26.6% in the first quarter.

Goodyear had cash and cash equivalents of $1.05 billion as of Mar 31, 2017, down from $1.1 billion as of Mar 31, 2016.

WARNING: "Cooper Tire & Rubber Co (CTB) to Repurchase $300 million in Stock" was originally posted by Markets Daily and is owned by of Markets Daily.

Finally, from a technical perspective, there's a strong possibility that the stock could enter into a new bull market after finding strong support between $34.3 and $34.87. Zacks Investment Research cut shares of Goodyear Tire & Rubber Co from a "buy" rating to a "hold" rating in a research note on Monday.

Among 8 analysts covering Lithia Motors (NYSE:LAD), 6 have Buy rating, 0 Sell and 2 Hold. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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The stock price weekly volatility remained at 1.53% while volatility is standing at 2.20% for the month. Its the United Kingdom entity manufactures and markets passenger vehicle, light truck, motorcycle and racing tires and tire retread material.

Goodyear's shares have decreased 1.3% in pre-market trading so far following the release.

Cooper Tire & Rubber Company had its "outperform" rating reiterated by analysts at FBR Capital Markets.

United States of America based company, The Goodyear Tire & Rubber Company (GT)'s latest closing price was 11.88% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -0.59% and 0.46% compared with the 20 Day Moving Average. Replacement tire shipments were down 2 percent.

The Goodyear Tire & Rubber Company (GT)'s RSI (Relative Strength Index) is 51.92. Diamond Hill Capital Management Inc. increased its position in Goodyear Tire & Rubber Co by 5.4% in the third quarter.

COPYRIGHT VIOLATION WARNING: "Goodyear Tire & Rubber Co (GT) Shares Bought by Financial Architects Inc" was originally reported by BBNS and is owned by of BBNS. The Firm operates through hospital activities segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.