Cooper Tire & Rubber Company (NYSE:CTB) – Stock analysts at Northcoast Research dropped their Q3 2017 earnings estimates for shares of Cooper Tire & Rubber in a note issued to investors on Monday. Northcoast Research analyst N. Mitchell now anticipates that the company will post earnings per share of $0.81 for the quarter, down from their previous forecast of $0.91. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Cooper Tire & Rubber’s Q4 2017 earnings at $1.29 EPS, FY2017 earnings at $3.51 EPS, Q1 2018 earnings at $0.84 EPS, Q2 2018 earnings at $1.06 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $1.44 EPS and FY2018 earnings at $4.27 EPS.

Several other brokerages also recently issued reports on CTB. Zacks Investment Research raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Tuesday, April 25th. BidaskClub raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Deutsche Bank AG upped their price objective on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Monday. 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. Finally, Standpoint Research raised shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a research note on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Cooper Tire & Rubber has a consensus rating of “Hold” and a consensus target price of $42.00.

COPYRIGHT VIOLATION WARNING: “Q3 2017 Earnings Forecast for Cooper Tire & Rubber Company (NYSE:CTB) Issued By Northcoast Research” was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/08/08/q3-2017-earnings-forecast-for-cooper-tire-rubber-company-nysectb-issued-by-northcoast-research.html.

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

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. The business had revenue of $720.75 million during the quarter, compared to the consensus estimate of $775 million. Cooper Tire & Rubber had a net margin of 6.71% and a return on equity of 17.67%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 EPS.

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

A number of institutional investors have recently modified their holdings of the company. Malaga Cove Capital LLC bought a new position in shares of Cooper Tire & Rubber during the first quarter valued at approximately $751,000. ProShare Advisors LLC raised its position in shares of Cooper Tire & Rubber by 20.1% in the first quarter. ProShare Advisors LLC now owns 11,117 shares of the company’s stock valued at $493,000 after buying an additional 1,860 shares during the period. Profund Advisors LLC bought a new position in shares of Cooper Tire & Rubber during the first quarter valued at approximately $481,000. Retirement Systems of Alabama bought a new position in shares of Cooper Tire & Rubber during the first quarter valued at approximately $3,016,000. Finally, Anderson Hoagland & Co. bought a new position in shares of Cooper Tire & Rubber during the first quarter valued at approximately $1,742,000. 94.58% of the stock is owned by hedge funds and other institutional investors.

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)

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