Goodyear Tire & Rubber Co (NASDAQ:GT) – Research analysts at Northcoast Research increased their Q3 2018 earnings per share estimates for shares of Goodyear Tire & Rubber in a report released on Monday. Northcoast Research analyst N. Mitchell now anticipates that the company will post earnings per share of $1.16 for the quarter, up from their prior forecast of $1.00. Northcoast Research also issued estimates for Goodyear Tire & Rubber’s Q1 2019 earnings at $0.70 EPS, Q2 2019 earnings at $1.06 EPS, Q3 2019 earnings at $1.36 EPS and Q4 2019 earnings at $1.39 EPS.

Several other equities research analysts have also recently weighed in on GT. Guggenheim set a $32.00 target price on Goodyear Tire & Rubber and gave the company a “hold” rating in a report on Friday, February 9th. TheStreet cut Goodyear Tire & Rubber from a “b” rating to a “c+” rating in a report on Thursday, February 8th. BidaskClub cut Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Monday, January 29th. Finally, Longbow Research assumed coverage on Goodyear Tire & Rubber in a report on Wednesday, January 31st. They set a “neutral” rating for the company. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $37.30.

Shares of Goodyear Tire & Rubber (GT) opened at $29.34 on Tuesday. The firm has a market capitalization of $7,236.38, a PE ratio of 21.90, a P/E/G ratio of 0.64 and a beta of 1.60. Goodyear Tire & Rubber has a fifty-two week low of $28.81 and a fifty-two week high of $37.20. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05.

Goodyear Tire & Rubber (NASDAQ:GT) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.23. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Goodyear Tire & Rubber had a return on equity of 15.70% and a net margin of 2.25%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 EPS.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 1st will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, January 31st. Goodyear Tire & Rubber’s dividend payout ratio is currently 41.79%.

In other news, SVP Jean Claude Kihn sold 7,500 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,665,357.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Precocity Capital LP increased its position in Goodyear Tire & Rubber by 75.0% during the 4th quarter. Precocity Capital LP now owns 350,000 shares of the company’s stock valued at $11,309,000 after buying an additional 150,000 shares in the last quarter. Towle & Co. increased its position in Goodyear Tire & Rubber by 1.5% during the 4th quarter. Towle & Co. now owns 1,095,730 shares of the company’s stock valued at $35,403,000 after buying an additional 15,730 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its position in Goodyear Tire & Rubber by 19.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,901,482 shares of the company’s stock valued at $61,437,000 after buying an additional 310,302 shares in the last quarter. Geode Capital Management LLC increased its position in Goodyear Tire & Rubber by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 2,920,238 shares of the company’s stock valued at $94,173,000 after buying an additional 48,290 shares in the last quarter. Finally, Amalgamated Bank increased its position in Goodyear Tire & Rubber by 3.4% during the 4th quarter. Amalgamated Bank now owns 51,160 shares of the company’s stock valued at $1,653,000 after buying an additional 1,671 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

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About Goodyear Tire & Rubber

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.

Earnings History and Estimates for Goodyear Tire & Rubber (NASDAQ:GT)

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