Goodyear Tire & Rubber Co. (GT) Posts Quarterly Results
Goodyear Tire & Rubber Co. (NYSE:GT) issued its quarterly earnings data on Wednesday. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.21, Analyst Ratings News reports. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.95 billion. The company’s revenue for the quarter was down 5.0% on a year-over-year basis.
Goodyear Tire & Rubber Co. (NYSE:GT) opened at 26.63 on Wednesday. Goodyear Tire & Rubber Co. has a 52 week low of $11.83 and a 52 week high of $27.27. The stock’s 50-day moving average is $24.22 and its 200-day moving average is $22.1. The company has a market cap of $6.604 billion and a P/E ratio of 11.74.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Investors of record on Friday, January 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Wednesday, January 29th.
GT has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Goodyear Tire & Rubber Co. from a “neutral” rating to a “buy” rating in a research note on Tuesday. On a related note, analysts at Deutsche Bank reiterated a “hold” rating on shares of Goodyear Tire & Rubber Co. in a research note on Friday, February 14th. They now have a $29.00 price target on the stock, up previously from $26.00. Finally, analysts at Citigroup Inc. set a $32.00 price target on shares of Goodyear Tire & Rubber Co. in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Goodyear Tire & Rubber Co. presently has a consensus rating of “Buy” and an average price target of $25.63.
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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