Goodyear Tire & Rubber Co (NASDAQ:GT) – Equities research analysts at Jefferies Financial Group cut their FY2018 EPS estimates for Goodyear Tire & Rubber in a note issued to investors on Tuesday, December 4th. Jefferies Financial Group analyst A. Kurian now expects that the company will post earnings of $2.68 per share for the year, down from their prior estimate of $2.71. Jefferies Financial Group has a “Buy” rating and a $26.00 price target on the stock.

Several other equities analysts also recently commented on GT. Zacks Investment Research downgraded Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a research report on Monday, November 19th. BidaskClub upgraded Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. Morgan Stanley dropped their target price on Goodyear Tire & Rubber from $23.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, November 14th. Wolfe Research started coverage on Goodyear Tire & Rubber in a research report on Tuesday, October 2nd. They issued an “outperform” rating for the company. Finally, ValuEngine upgraded Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 15th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $27.25.

NASDAQ:GT opened at $22.12 on Thursday. The stock has a market capitalization of $5.36 billion, a P/E ratio of 7.09 and a beta of 1.74. The company has a current ratio of 1.34, a quick ratio of 0.76 and a debt-to-equity ratio of 1.12. Goodyear Tire & Rubber has a twelve month low of $19.25 and a twelve month high of $36.07.

Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings data on Friday, October 26th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.08). The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.95 billion. Goodyear Tire & Rubber had a net margin of 3.11% and a return on equity of 13.84%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $0.70 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of the company. LSV Asset Management raised its position in shares of Goodyear Tire & Rubber by 2.1% during the second quarter. LSV Asset Management now owns 11,346,089 shares of the company’s stock worth $264,250,000 after acquiring an additional 235,125 shares during the last quarter. Lyrical Asset Management LP raised its position in shares of Goodyear Tire & Rubber by 8.7% during the third quarter. Lyrical Asset Management LP now owns 8,239,556 shares of the company’s stock worth $192,723,000 after acquiring an additional 659,212 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Goodyear Tire & Rubber by 5.3% during the second quarter. Diamond Hill Capital Management Inc. now owns 8,234,533 shares of the company’s stock worth $191,782,000 after acquiring an additional 413,565 shares during the last quarter. Sound Shore Management Inc. CT raised its position in shares of Goodyear Tire & Rubber by 22.3% during the third quarter. Sound Shore Management Inc. CT now owns 7,113,298 shares of the company’s stock worth $166,380,000 after acquiring an additional 1,297,633 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Goodyear Tire & Rubber by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,903,172 shares of the company’s stock worth $160,787,000 after acquiring an additional 290,006 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Thursday, November 1st were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, October 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.53%. Goodyear Tire & Rubber’s dividend payout ratio (DPR) is 20.51%.

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 and Estimates for Goodyear Tire & Rubber (NASDAQ:GT)

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