Cooper Tire operating profits down in first quarter of 2017
- Author: Ronnie Bowen Apr 30, 2017,
Apr 30, 2017, 1:33
KeyBanc Capital Markets upgraded Cooper Tire & Rubber Co (NYSE:CTB) on Thursday, April 7 to "Overweight" rating. LSV Asset Management now owns 9,267,168 shares of the company's stock worth $299,329,000 after buying an additional 440,800 shares during the period. Last session The Goodyear Tire & Rubber Company RSI was seen at 50.92. The stock touched its high share price of $37.20 on 03/16/17 and the stock also touched its Lowest price in the last 52-weeks of trading on 07/06/16 as $24.10. Following the completion of the transaction, the insider now owns 90,599 shares of the company's stock, valued at approximately $3,193,614.75. That puts the market capitalization at $9.26 bln. The company's last traded volume of 3.1 million shares was up it's an average volume of 2.95 million shares.
In terms of earnings per share, 6 analysts have a 0.85 EPS mean target for the quarter ending Jun-17, for the quarter ending Sep-17, 6 analysts have a 1.03 EPS mean target and for the quarter ending Sep-17 there are 5 estimates of 3.80 EPS. 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.
22nd Century Group, Inc. In the year-ago quarter, it recorded net income of $184 million or 68 cents per share.
Goodyear paid a quarterly dividend of 10 cents per share on Mar 31. This represents a $0.40 dividend on an annualized basis and a yield of 1.13%. Goodyear Tire & Rubr Co now has $8.97B valuation. Finally, Northcoast Research cut Cooper Tire & Rubber Co from a "buy" rating to a "neutral" rating in a report on Tuesday, April 18th.
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The Goodyear Tire & Rubber Company GT is one of the world's largest tire manufacturing companies, selling under Goodyear, Kelly, Dunlop, Fulda, Debica, Sava and various other brands. Analyst forecasts, earnings estimates and price target projections are issued to help their clients make money through stock investments. Argus Research maintained Goodyear Tire & Rubber Co (NASDAQ:GT) on Tuesday, November 10 with "Buy" rating. Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market.
First quarter net sales were $643 million, a decrease of 1 percent compared with $650 million in the first quarter of 2016. If you are viewing this article on another domain, it was illegally stolen and republished in violation of worldwide copyright & trademark legislation.
In other news, SVP Richard J. Noechel sold 4,721 shares of the business's stock in a transaction that occurred on Wednesday, March 15th. The top target is presently $53 and the lowest target has the stock reaching $40 within the year. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The FCF Score of Cooper Tire & Rubber Company (NYSE:CTB) is 0.539208. Original equipment unit volume dropped 9% while replacement tire shipments rose 7% year over year. Finally, Jefferies Group LLC downgraded Goodyear Tire & Rubber Co from a "buy" rating to a "hold" rating and set a $38.00 price objective for the company.in a research note on Friday, February 24th. During the same period in the previous year, the firm posted $0.72 earnings per share. Mutual Of America Cap Mgmt Ltd Liability Corp invested in 0.07% or 96,811 shares.
Analyst mean recommendation rating on a stock by the analyst community is at 2.10. The Firm operates through three divisions. On the other side, analysts now consider The Goodyear Tire & Rubber Company a neutral, and a technical analysis of the stock is setting somewhat neutral outlook for now.