Goodyear Tire & Rubber Co. (GT) Announces Quarterly Dividend of $0.05
Goodyear Tire & Rubber Co. (NYSE:GT) announced a quarterly dividend on Wednesday, January 15th, Analyst RN reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.05 per share on Monday, March 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.79%.
A number of analysts have recently weighed in on GT shares. Analysts at Ned Davis Research upgraded shares of Goodyear Tire & Rubber Co. from a “neutral” rating to a “buy” rating in a research note to investors on Monday. On the ratings front, analysts at Goldman Sachs Group Inc. raised their price target on shares of Goodyear Tire & Rubber Co. from $26.00 to $29.00 in a research note to investors on Thursday, January 9th. Finally, analysts at Zacks downgraded shares of Goodyear Tire & Rubber Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, December 6th. They now have a $23.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Goodyear Tire & Rubber Co. currently has a consensus rating of “Buy” and an average price target of $22.89.
Shares of Goodyear Tire & Rubber Co. (NYSE:GT) traded down 0.83% on Wednesday, hitting $25.21. The stock had a trading volume of 3,473,694 shares. Goodyear Tire & Rubber Co. has a 52 week low of $11.83 and a 52 week high of $26.29. The stock’s 50-day moving average is $23.18 and its 200-day moving average is $20.8. The company has a market cap of $6.224 billion and a P/E ratio of 16.80.
Goodyear Tire & Rubber Co. (NYSE:GT) last released its earnings data on Tuesday, October 29th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.01. The company had revenue of $5.00 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Analysts expect that Goodyear Tire & Rubber Co. will post $2.51 EPS 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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