Wall Street analysts forecast that Cooper Tire & Rubber Company (NYSE:CTB) will post earnings of $0.62 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Cooper Tire & Rubber’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.59. Cooper Tire & Rubber posted earnings per share of $1.28 in the same quarter last year, which would indicate a negative year over year growth rate of 51.6%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Cooper Tire & Rubber will report full year earnings of $3.22 per share for the current financial year, with EPS estimates ranging from $3.19 to $3.26. For the next financial year, analysts expect that the company will report earnings of $3.68 per share, with EPS estimates ranging from $3.18 to $4.24. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Cooper Tire & Rubber.

Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings data on Monday, October 30th. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.33. Cooper Tire & Rubber had a net margin of 7.18% and a return on equity of 17.56%. The firm had revenue of $733.80 million for the quarter, compared to analysts’ expectations of $779.02 million. During the same period in the previous year, the company posted $1.04 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year.

Several equities analysts have recently commented on the stock. Jefferies Group restated a “hold” rating and set a $35.00 price target on shares of Cooper Tire & Rubber in a report on Tuesday, October 31st. FBR & Co restated a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a report on Tuesday, October 31st. KeyCorp restated a “buy” rating and set a $42.00 price target on shares of Cooper Tire & Rubber in a report on Wednesday, November 1st. ValuEngine upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Finally, Zacks Investment Research cut shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Hedge funds have recently added to or reduced their stakes in the stock. Cipher Capital LP lifted its stake in shares of Cooper Tire & Rubber by 679.0% in the 2nd quarter. Cipher Capital LP now owns 45,647 shares of the company’s stock valued at $1,648,000 after purchasing an additional 39,787 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Cooper Tire & Rubber by 20.1% in the 3rd quarter. First Trust Advisors LP now owns 56,443 shares of the company’s stock valued at $2,111,000 after purchasing an additional 9,465 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Cooper Tire & Rubber by 29.5% in the 3rd quarter. American Century Companies Inc. now owns 317,017 shares of the company’s stock valued at $11,856,000 after purchasing an additional 72,195 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Cooper Tire & Rubber by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,350,677 shares of the company’s stock valued at $157,060,000 after purchasing an additional 20,738 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Cooper Tire & Rubber by 39.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,047,537 shares of the company’s stock valued at $37,817,000 after purchasing an additional 296,340 shares during the last quarter.

Cooper Tire & Rubber (NYSE CTB) traded down $0.35 during trading on Monday, hitting $35.45. 636,903 shares of the stock traded hands, compared to its average volume of 728,613. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.67. Cooper Tire & Rubber has a fifty-two week low of $31.55 and a fifty-two week high of $44.50. The stock has a market cap of $1,856.11, a PE ratio of 9.33, a P/E/G ratio of 1.17 and a beta of 0.07.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Thursday, November 30th. Cooper Tire & Rubber’s dividend payout ratio is currently 10.82%.

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About Cooper Tire & Rubber

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.

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Earnings History and Estimates for Cooper Tire & Rubber (NYSE:CTB)

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