Analysts forecast that Goodyear Tire & Rubber Co (NASDAQ:GT) will report $0.53 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Goodyear Tire & Rubber’s earnings, with the highest EPS estimate coming in at $0.75 and the lowest estimate coming in at $0.35. Goodyear Tire & Rubber reported earnings per share of $0.74 during the same quarter last year, which suggests a negative year-over-year growth rate of 28.4%. The firm is scheduled to report its next quarterly earnings results on Friday, April 27th.
On average, analysts expect that Goodyear Tire & Rubber will report full year earnings of $3.60 per share for the current financial year, with EPS estimates ranging from $3.44 to $3.79. For the next financial year, analysts forecast that the firm will post earnings of $4.44 per share, with EPS estimates ranging from $4.01 to $4.99. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Goodyear Tire & Rubber.
Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.23. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.96 billion. Goodyear Tire & Rubber had a return on equity of 15.70% and a net margin of 2.25%. Goodyear Tire & Rubber’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 EPS.
Goodyear Tire & Rubber (NASDAQ:GT) traded down $0.75 during midday trading on Friday, reaching $26.61. The company had a trading volume of 2,941,856 shares, compared to its average volume of 3,177,522. The stock has a market cap of $6,776.69, a price-to-earnings ratio of 19.85, a P/E/G ratio of 0.63 and a beta of 1.72. Goodyear Tire & Rubber has a twelve month low of $26.58 and a twelve month high of $36.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.21 and a quick ratio of 0.66.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 1st were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, January 31st. This represents a $0.56 annualized dividend and a dividend yield of 2.10%. Goodyear Tire & Rubber’s payout ratio is 41.79%.
Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC grew its stake in shares of Goodyear Tire & Rubber by 164.5% during the 4th quarter. Advisory Services Network LLC now owns 3,832 shares of the company’s stock worth $124,000 after acquiring an additional 2,383 shares during the period. Smith Moore & CO. bought a new position in shares of Goodyear Tire & Rubber during the 4th quarter worth $203,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Goodyear Tire & Rubber during the 3rd quarter worth $205,000. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Goodyear Tire & Rubber during the 4th quarter worth $223,000. Finally, D.A. Davidson & CO. bought a new position in shares of Goodyear Tire & Rubber during the 4th quarter worth $233,000. Institutional investors own 95.05% of the company’s stock.
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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.
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