Brokerages predict that Cooper Tire & Rubber Co (NYSE:CTB) will post $747.42 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Cooper Tire & Rubber’s earnings. The lowest sales estimate is $714.92 million and the highest is $770.25 million. Cooper Tire & Rubber reported sales of $733.84 million in the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Cooper Tire & Rubber will report full-year sales of $2.84 billion for the current financial year, with estimates ranging from $2.76 billion to $2.91 billion. For the next financial year, analysts forecast that the firm will report sales of $2.96 billion per share, with estimates ranging from $2.85 billion to $3.05 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Cooper Tire & Rubber.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings results on Monday, August 6th. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $698.00 million for the quarter, compared to the consensus estimate of $679.75 million. Cooper Tire & Rubber had a net margin of 1.53% and a return on equity of 9.24%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS.

CTB has been the topic of several recent research reports. ValuEngine raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Longbow Research reaffirmed a “hold” rating on shares of Cooper Tire & Rubber in a report on Tuesday, August 21st. Zacks Investment Research raised shares of Cooper Tire & Rubber from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 3rd. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Cooper Tire & Rubber in a report on Monday, June 25th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $41.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in Cooper Tire & Rubber by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 817,192 shares of the company’s stock worth $21,492,000 after acquiring an additional 12,676 shares during the last quarter. Fairpointe Capital LLC increased its holdings in shares of Cooper Tire & Rubber by 5.7% in the second quarter. Fairpointe Capital LLC now owns 4,424,985 shares of the company’s stock valued at $116,377,000 after purchasing an additional 239,226 shares during the last quarter. Putnam Investments LLC increased its holdings in shares of Cooper Tire & Rubber by 437.9% in the second quarter. Putnam Investments LLC now owns 90,900 shares of the company’s stock valued at $2,391,000 after purchasing an additional 74,000 shares during the last quarter. Portolan Capital Management LLC acquired a new stake in shares of Cooper Tire & Rubber in the second quarter valued at approximately $8,667,000. Finally, Tocqueville Asset Management L.P. increased its holdings in shares of Cooper Tire & Rubber by 115.7% in the second quarter. Tocqueville Asset Management L.P. now owns 326,130 shares of the company’s stock valued at $8,577,000 after purchasing an additional 174,930 shares during the last quarter.

Shares of NYSE:CTB opened at $30.05 on Monday. The company has a current ratio of 2.58, a quick ratio of 1.53 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.50 billion, a P/E ratio of 14.04, a P/E/G ratio of 5.36 and a beta of 0.64. Cooper Tire & Rubber has a fifty-two week low of $22.58 and a fifty-two week high of $40.78.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Tuesday, September 4th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, August 31st. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 13.55%.

About Cooper Tire & Rubber

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

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