Equities research analysts expect Cooper Tire & Rubber Co (NYSE:CTB) to post $687.87 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Cooper Tire & Rubber Co’s earnings. The highest sales estimate is $696.98 million and the lowest is $678.2 million. Cooper Tire & Rubber Co reported sales of $649.78 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.9%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, April 27th.
On average, analysts expect that Cooper Tire & Rubber Co will report full-year sales of $687.87 million for the current financial year, with estimates ranging from $3.11 billion to $3.21 billion. For the next year, analysts expect that the firm will report sales of $3.31 billion per share, with estimates ranging from $3.19 billion to $3.38 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Cooper Tire & Rubber Co.
Cooper Tire & Rubber Co (NYSE:CTB) last issued its quarterly earnings results on Friday, February 17th. The company reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.34. The business had revenue of $783.89 million for the quarter, compared to analyst estimates of $767.36 million. Cooper Tire & Rubber Co had a return on equity of 23.13% and a net margin of 8.17%. Cooper Tire & Rubber Co’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share.
A number of research firms have commented on CTB. Northcoast Research cut Cooper Tire & Rubber Co from a “buy” rating to a “neutral” rating in a report on Tuesday. Zacks Investment Research cut Cooper Tire & Rubber Co from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. JPMorgan Chase & Co. raised Cooper Tire & Rubber Co from a “neutral” rating to an “overweight” rating and raised their price target for the company from $47.00 to $51.00 in a report on Tuesday, March 14th. Finally, FBR & Co reissued a “positive” rating and set a $48.00 price target on shares of Cooper Tire & Rubber Co in a report on Tuesday, February 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $40.00.
Shares of Cooper Tire & Rubber Co (NYSE:CTB) traded down 0.974% during mid-day trading on Friday, hitting $43.225. The company’s stock had a trading volume of 426,362 shares. The stock’s 50 day moving average price is $42.80 and its 200 day moving average price is $38.89. The company has a market cap of $2.28 billion and a price-to-earnings ratio of 9.584. Cooper Tire & Rubber Co has a 52-week low of $29.29 and a 52-week high of $44.50.
The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Thursday, March 2nd were issued a $0.105 dividend. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $0.42 annualized dividend and a dividend yield of 0.96%. Cooper Tire & Rubber Co’s dividend payout ratio (DPR) is 9.86%.
In other news, VP Stephen Zamansky sold 14,041 shares of Cooper Tire & Rubber Co stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $40.37, for a total value of $566,835.17. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.80% of the company’s stock.
Large investors have recently modified their holdings of the company. Creative Planning boosted its stake in shares of Cooper Tire & Rubber Co by 5.3% in the first quarter. Creative Planning now owns 2,585 shares of the company’s stock valued at $115,000 after buying an additional 129 shares during the period. Advisor Group Inc. boosted its stake in shares of Cooper Tire & Rubber Co by 79.1% in the third quarter. Advisor Group Inc. now owns 3,550 shares of the company’s stock valued at $135,000 after buying an additional 1,568 shares during the period. US Bancorp DE boosted its stake in shares of Cooper Tire & Rubber Co by 31.7% in the third quarter. US Bancorp DE now owns 3,820 shares of the company’s stock valued at $145,000 after buying an additional 920 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Cooper Tire & Rubber Co by 9.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,912 shares of the company’s stock valued at $152,000 after buying an additional 323 shares during the period. Finally, Kernodle & Katon Asset Management Group LLC purchased a new stake in shares of Cooper Tire & Rubber Co during the third quarter valued at about $172,000. 90.09% of the stock is currently owned by hedge funds and other institutional investors.
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Cooper Tire & Rubber Co Company Profile
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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