Goodyear Tire & Rubber (NASDAQ:GT) is scheduled to issue its quarterly earnings data before the market opens on Friday, October 26th. Analysts expect the company to announce earnings of $0.76 per share for the quarter.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Friday, July 27th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.06. Goodyear Tire & Rubber had a return on equity of 14.04% and a net margin of 1.69%. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the previous year, the business posted $0.70 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts expect Goodyear Tire & Rubber to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Goodyear Tire & Rubber stock opened at $20.43 on Friday. Goodyear Tire & Rubber has a 52-week low of $20.23 and a 52-week high of $36.07. The stock has a market capitalization of $5.08 billion, a P/E ratio of 6.55 and a beta of 1.69. The company has a current ratio of 1.36, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 1st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Wednesday, October 31st. Goodyear Tire & Rubber’s dividend payout ratio is currently 17.95%.

A number of research firms have weighed in on GT. Argus reduced their target price on Goodyear Tire & Rubber to $30.00 and set an “average” rating for the company in a report on Monday, August 6th. They noted that the move was a valuation call. Jefferies Financial Group set a $30.00 target price on Goodyear Tire & Rubber and gave the company a “buy” rating in a report on Tuesday, July 31st. Northcoast Research reaffirmed a “buy” rating on shares of Goodyear Tire & Rubber in a report on Monday, June 25th. Morgan Stanley lowered Goodyear Tire & Rubber from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $33.00 to $23.00 in a report on Monday, August 13th. Finally, Longbow Research reaffirmed a “hold” rating on shares of Goodyear Tire & Rubber in a report on Monday, August 13th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $28.38.

About Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands.

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Earnings History for Goodyear Tire & Rubber (NASDAQ:GT)

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