Cooper Tire & Rubber Company (CTB) to Release Earnings on Monday
Cooper Tire & Rubber Company (NYSE:CTB) is scheduled to be releasing its earnings data before the market opens on Monday, October 30th. Analysts expect Cooper Tire & Rubber to post earnings of $0.87 per share for the quarter.
Cooper Tire & Rubber (NYSE:CTB) last released its quarterly earnings data on Friday, August 4th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $720.75 million for the quarter, compared to analyst estimates of $775.00 million. During the same period last year, the firm earned $1.27 earnings per share. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, analysts expect Cooper Tire & Rubber to post $3.37 EPS for the current fiscal year and $4.08 EPS for the next fiscal year.
Cooper Tire & Rubber Company (CTB) traded down 0.80% on Monday, hitting $37.35. 42,067 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $35.89 and a 200-day moving average price of $36.97. The stock has a market cap of $1.95 billion and a P/E ratio of 10.33. Cooper Tire & Rubber Company has a 52-week low of $32.78 and a 52-week high of $44.50.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Wednesday, August 30th. Cooper Tire & Rubber’s dividend payout ratio is presently 11.67%.
A number of research firms have recently weighed in on CTB. BidaskClub raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $40.00 price target on shares of Cooper Tire & Rubber in a research note on Thursday, July 6th. Deutsche Bank AG upped their price target on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Finally, FBR & Co reiterated a “buy” rating and issued a $53.00 price target on shares of Cooper Tire & Rubber in a research note on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $42.00.
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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.
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