Goodyear Tire & Rubber Co. Declares Quarterly Dividend of $0.05 (GT)
Goodyear Tire & Rubber Co. (NYSE:GT) declared a quarterly dividend on Friday, September 20th, Analyst Ratings Network reports. Investors of record on Friday, November 1st will be given a dividend of $0.05 per share on Sunday, December 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.90%.
GT has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Goodyear Tire & Rubber Co. (NYSE:GT) in a research note to investors on Thursday, September 12th. They now have a $23.00 price target on the stock, up previously from $21.00. On the ratings front, analysts at Argus raised their price target on shares of Goodyear Tire & Rubber Co. (NYSE:GT) from $17.00 to $22.00 in a research note to investors on Monday, August 12th. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Goodyear Tire & Rubber Co. (NYSE:GT) from $20.00 to $24.00 in a research note to investors on Wednesday, July 31st. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Goodyear Tire & Rubber Co. currently has a consensus rating of “Buy” and an average price target of $17.71.
Goodyear Tire & Rubber Co. (NYSE:GT) traded up 1.44% during mid-day trading on Friday, hitting $22.55. The stock had a trading volume of 1,451,840 shares. Goodyear Tire & Rubber Co. has a 1-year low of $10.91 and a 1-year high of $22.50. The stock’s 50-day moving average is $19.96 and its 200-day moving average is $15.63. The company has a market cap of $5.547 billion and a P/E ratio of 17.81.
Goodyear Tire & Rubber Co. (NYSE:GT) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.19. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.88 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, analysts predict that Goodyear Tire & Rubber Co. will post $2.34 earnings per share for the current fiscal year.
The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company, together with subsidiaries and joint ventures, develops, manufactures, markets and distributes tires for a range of applications.
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