Cooper Tire & Rubber Co (NYSE:CTB) – Equities researchers at Northcoast Research upped their Q1 2017 earnings per share estimates for Cooper Tire & Rubber Co in a note issued to investors on Tuesday. Northcoast Research analyst N. Mitchell now expects that the company will post earnings per share of $0.79 for the quarter, up from their prior forecast of $0.60. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Cooper Tire & Rubber Co’s Q2 2017 earnings at $0.90 EPS.

Other research analysts have also recently issued research reports about the stock. FBR & Co raised their price target on shares of Cooper Tire & Rubber Co from $48.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, March 23rd. JPMorgan Chase & Co. raised shares of Cooper Tire & Rubber Co from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $47.00 to $51.00 in a report on Tuesday, March 14th. Finally, Zacks Investment Research cut shares of Cooper Tire & Rubber Co from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.00.

Earnings History and Estimates for Cooper Tire & Rubber Co (NYSE:CTB)

COPYRIGHT VIOLATION WARNING: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/04/20/northcoast-research-equities-analysts-lift-earnings-estimates-for-cooper-tire-rubber-co-ctb.html.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/northcoast-research-equities-analysts-lift-earnings-estimates-for-cooper-tire-rubber-co-ctb.html

Cooper Tire & Rubber Co (NYSE:CTB) opened at 43.20 on Thursday. Cooper Tire & Rubber Co has a 12-month low of $29.29 and a 12-month high of $44.50. The stock’s 50 day moving average is $42.75 and its 200 day moving average is $38.85. The stock has a market capitalization of $2.28 billion and a price-to-earnings ratio of 9.58.

Cooper Tire & Rubber Co (NYSE:CTB) last released its earnings results on Friday, February 17th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.34. Cooper Tire & Rubber Co had a net margin of 8.17% and a return on equity of 23.13%. The firm earned $783.89 million during the quarter, compared to analyst estimates of $767.36 million. During the same period last year, the business earned $1.04 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Thursday, March 2nd were issued a $0.105 dividend. The ex-dividend date was Tuesday, February 28th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.97%. Cooper Tire & Rubber Co’s dividend payout ratio is currently 9.86%.

In other Cooper Tire & Rubber Co news, VP Stephen Zamansky sold 14,041 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $40.37, for a total value of $566,835.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its position in shares of Cooper Tire & Rubber Co by 41.0% in the third quarter. Teachers Advisors LLC now owns 123,997 shares of the company’s stock valued at $4,714,000 after buying an additional 36,037 shares during the period. BlackRock Fund Advisors boosted its position in shares of Cooper Tire & Rubber Co by 7.9% in the third quarter. BlackRock Fund Advisors now owns 1,472,852 shares of the company’s stock valued at $55,998,000 after buying an additional 108,172 shares during the period. BlackRock Inc. boosted its position in shares of Cooper Tire & Rubber Co by 3.3% in the third quarter. BlackRock Inc. now owns 16,673 shares of the company’s stock valued at $634,000 after buying an additional 530 shares during the period. US Bancorp DE boosted its position in shares of Cooper Tire & Rubber Co by 31.7% in the third quarter. US Bancorp DE now owns 3,820 shares of the company’s stock valued at $145,000 after buying an additional 920 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Cooper Tire & Rubber Co by 5.3% in the third quarter. UBS Asset Management Americas Inc. now owns 54,399 shares of the company’s stock valued at $2,068,000 after buying an additional 2,715 shares during the period. 90.09% of the stock is owned by hedge funds and other institutional investors.

Cooper Tire & Rubber Co 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.

5 Day Chart for NYSE:CTB

Receive News & Ratings for Cooper Tire & Rubber Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper Tire & Rubber Co and related companies with MarketBeat.com's FREE daily email newsletter.