Somewhat Positive News Coverage Somewhat Unlikely to Affect Goodyear Tire & Rubber (GT) Share Price
News articles about Goodyear Tire & Rubber (NASDAQ:GT) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Goodyear Tire & Rubber earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.2269061642862 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Goodyear Tire & Rubber (GT) Cut to “C+” at TheStreet (americanbankingnews.com)
- Short Interest in Goodyear Tire & Rubber Co (GT) Expands By 10.1% (americanbankingnews.com)
- Guggenheim Analysts Give Goodyear Tire & Rubber (GT) a $32.00 Price Target (americanbankingnews.com)
- Goodyear’s profit, revenue beat on higher-margin tire strength (reuters.com)
A number of brokerages have recently commented on GT. Guggenheim set a $32.00 price target on Goodyear Tire & Rubber and gave the company a “hold” rating in a report on Friday. Zacks Investment Research raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Monday, January 29th. BidaskClub raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Longbow Research started coverage on Goodyear Tire & Rubber in a research note on Wednesday, January 31st. They set a “neutral” rating for the company. Finally, TheStreet cut Goodyear Tire & Rubber from a “b” rating to a “c+” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $37.30.
Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.23. Goodyear Tire & Rubber had a return on equity of 15.70% and a net margin of 2.25%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the company posted $0.95 EPS. Goodyear Tire & Rubber’s revenue for the quarter was up 8.8% on a year-over-year basis. equities analysts forecast that Goodyear Tire & Rubber will post 3.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 1st will be given a $0.14 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.87%. Goodyear Tire & Rubber’s dividend payout ratio (DPR) is 41.79%.
In related news, SVP Jean Claude Kihn sold 7,500 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $32.12, for a total value of $240,900.00. Following the completion of the transaction, the senior vice president now owns 51,848 shares in the company, valued at approximately $1,665,357.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.
Goodyear Tire & Rubber Company Profile
The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.
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