$770.01 Million in Sales Expected for Cooper Tire & Rubber Co (CTB) This Quarter
Equities analysts expect Cooper Tire & Rubber Co (NYSE:CTB) to post sales of $770.01 million for the current quarter, according to Zacks. Four analysts have issued estimates for Cooper Tire & Rubber’s earnings, with the lowest sales estimate coming in at $739.83 million and the highest estimate coming in at $829.30 million. Cooper Tire & Rubber reported sales of $783.89 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.8%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, February 20th.
According to Zacks, analysts expect that Cooper Tire & Rubber will report full-year sales of $770.01 million for the current year, with estimates ranging from $2.84 billion to $2.97 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.98 billion per share, with estimates ranging from $2.79 billion to $3.17 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Cooper Tire & Rubber.
CTB has been the topic of a number of recent research reports. ValuEngine upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. B. Riley reiterated a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a research note on Monday, December 11th. Longbow Research initiated coverage on shares of Cooper Tire & Rubber in a research note on Wednesday, January 31st. They set a “buy” rating and a $50.00 price target on the stock. KeyCorp reiterated a “buy” rating and set a $42.00 price target on shares of Cooper Tire & Rubber in a research note on Wednesday, November 1st. Finally, FBR & Co reiterated a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Cooper Tire & Rubber currently has a consensus rating of “Buy” and a consensus target price of $45.88.
Shares of Cooper Tire & Rubber (NYSE:CTB) opened at $36.00 on Monday. Cooper Tire & Rubber has a 52 week low of $31.55 and a 52 week high of $44.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.67. The firm has a market cap of $1,845.86, a price-to-earnings ratio of 9.28 and a beta of 0.17.
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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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