Cooper Tire & Rubber Co (NYSE:CTB) – Jefferies Group lowered their Q1 2018 EPS estimates for Cooper Tire & Rubber in a report issued on Wednesday. Jefferies Group analyst B. Jordan now expects that the company will post earnings per share of $0.55 for the quarter, down from their prior estimate of $0.84. Jefferies Group has a “Hold” rating and a $35.00 price target on the stock. Jefferies Group also issued estimates for Cooper Tire & Rubber’s Q2 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.88 EPS and FY2018 earnings at $3.01 EPS.
Cooper Tire & Rubber (NYSE:CTB) last announced its earnings results on Tuesday, February 20th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.12). The firm had revenue of $757.04 million during the quarter, compared to analysts’ expectations of $750.97 million. Cooper Tire & Rubber had a return on equity of 13.71% and a net margin of 3.34%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 earnings per share.
Cooper Tire & Rubber (CTB) opened at $32.85 on Monday. The stock has a market capitalization of $1,668.71, a PE ratio of 18.46 and a beta of 0.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.75 and a quick ratio of 1.59. Cooper Tire & Rubber has a 12-month low of $31.55 and a 12-month high of $44.50.
Several hedge funds have recently bought and sold shares of CTB. State Street Corp lifted its position in shares of Cooper Tire & Rubber by 4.7% during the 2nd quarter. State Street Corp now owns 1,842,041 shares of the company’s stock valued at $66,495,000 after buying an additional 83,422 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Cooper Tire & Rubber by 20.1% during the 3rd quarter. First Trust Advisors LP now owns 56,443 shares of the company’s stock valued at $2,111,000 after buying an additional 9,465 shares in the last quarter. Aperio Group LLC lifted its position in shares of Cooper Tire & Rubber by 119.3% during the 3rd quarter. Aperio Group LLC now owns 40,847 shares of the company’s stock valued at $1,528,000 after buying an additional 22,217 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Cooper Tire & Rubber during the 3rd quarter valued at about $299,000. Finally, Foundry Partners LLC lifted its position in shares of Cooper Tire & Rubber by 7.5% during the 3rd quarter. Foundry Partners LLC now owns 295,431 shares of the company’s stock valued at $11,049,000 after buying an additional 20,704 shares in the last quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.28%. Cooper Tire & Rubber’s payout ratio is currently 23.60%.
Cooper Tire & Rubber 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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