Cooper Tire & Rubber Company (NYSE:CTB) – Research analysts at KeyCorp decreased their Q3 2017 earnings per share estimates for shares of Cooper Tire & Rubber in a research note issued on Sunday. KeyCorp analyst B. Hoselton now forecasts that the company will earn $1.02 per share for the quarter, down from their previous estimate of $1.05. KeyCorp also issued estimates for Cooper Tire & Rubber’s Q4 2017 earnings at $1.17 EPS.

CTB has been the topic of several other research reports. Northcoast Research downgraded shares of Cooper Tire & Rubber from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 18th. Zacks Investment Research downgraded shares of Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC set a $40.00 price objective on shares of Cooper Tire & Rubber and gave the company a “hold” rating in a research note on Monday. Standpoint Research raised shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a research note on Tuesday, June 20th. Finally, BidaskClub raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $42.00.

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Shares of Cooper Tire & Rubber (NYSE CTB) opened at 35.35 on Tuesday. Cooper Tire & Rubber has a 12-month low of $33.11 and a 12-month high of $44.50. The firm has a market cap of $1.87 billion, a P/E ratio of 8.74 and a beta of -0.02. The company has a 50-day moving average of $36.67 and a 200 day moving average of $38.73.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings results on Friday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.11. Cooper Tire & Rubber had a net margin of 6.71% and a return on equity of 17.67%. The business had revenue of $720.75 million during the quarter, compared to the consensus estimate of $775 million. During the same quarter last year, the firm earned $1.27 EPS. The business’s revenue was down 2.6% compared to the same quarter last year.

A number of institutional investors have recently bought and sold shares of CTB. Royce & Associates LP increased its position in Cooper Tire & Rubber by 14.3% in the second quarter. Royce & Associates LP now owns 2,955,339 shares of the company’s stock worth $106,688,000 after buying an additional 369,045 shares in the last quarter. GHP Investment Advisors Inc. increased its position in Cooper Tire & Rubber by 20.2% in the second quarter. GHP Investment Advisors Inc. now owns 52,412 shares of the company’s stock worth $1,892,000 after buying an additional 8,804 shares in the last quarter. American Century Companies Inc. increased its position in Cooper Tire & Rubber by 82.1% in the second quarter. American Century Companies Inc. now owns 244,822 shares of the company’s stock worth $8,838,000 after buying an additional 110,393 shares in the last quarter. Victory Capital Management Inc. increased its position in Cooper Tire & Rubber by 39.4% in the second quarter. Victory Capital Management Inc. now owns 1,047,537 shares of the company’s stock worth $37,817,000 after buying an additional 296,340 shares in the last quarter. Finally, Federated Investors Inc. PA increased its position in Cooper Tire & Rubber by 2.6% in the second quarter. Federated Investors Inc. PA now owns 152,705 shares of the company’s stock worth $5,513,000 after buying an additional 3,871 shares in the last quarter. 94.58% of the stock is currently owned by institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, August 30th. Cooper Tire & Rubber’s dividend payout ratio is currently 11.67%.

Cooper Tire & Rubber 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.

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

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