Cooper Tire & Rubber Company (NYSE:CTB) – Investment analysts at KeyCorp issued their Q4 2017 earnings estimates for Cooper Tire & Rubber in a research report issued on Monday. KeyCorp analyst B. Hoselton expects that the company will earn $0.63 per share for the quarter. KeyCorp currently has a “Buy” rating and a $42.00 target price on the stock. KeyCorp also issued estimates for Cooper Tire & Rubber’s FY2018 earnings at $3.80 EPS.

Several other analysts also recently weighed in on the stock. Jefferies Group LLC restated a “hold” rating and set a $35.00 price objective on shares of Cooper Tire & Rubber in a research report on Tuesday. FBR & Co reaffirmed a “buy” rating and issued a $50.00 target price on shares of Cooper Tire & Rubber in a report on Tuesday. Zacks Investment Research cut shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Deutsche Bank AG lifted their target price on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the company a “hold” rating in a report on Monday, August 7th. Finally, BidaskClub cut shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $40.86.

ILLEGAL ACTIVITY WARNING: “Cooper Tire & Rubber Company (CTB) Forecasted to Post Q4 2017 Earnings of $0.63 Per Share” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/02/cooper-tire-rubber-company-ctb-forecasted-to-post-q4-2017-earnings-of-0-63-per-share.html. Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings results on Monday, October 30th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.33. Cooper Tire & Rubber had a net margin of 7.18% and a return on equity of 17.56%. The business had revenue of $733.80 million for the quarter, compared to analyst estimates of $779.02 million. During the same quarter in the prior year, the business posted $1.04 EPS. Cooper Tire & Rubber’s revenue for the quarter was down 2.3% compared to the same quarter last year.

Several institutional investors have recently added to or reduced their stakes in CTB. FNY Partners Fund LP purchased a new stake in shares of Cooper Tire & Rubber in the 1st quarter worth about $110,000. Riverhead Capital Management LLC boosted its position in shares of Cooper Tire & Rubber by 75.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock worth $145,000 after buying an additional 1,729 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Cooper Tire & Rubber by 17.0% in the 2nd quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock worth $156,000 after buying an additional 627 shares in the last quarter. Flinton Capital Management LLC boosted its position in shares of Cooper Tire & Rubber by 76.7% in the 2nd quarter. Flinton Capital Management LLC now owns 4,452 shares of the company’s stock worth $161,000 after buying an additional 1,932 shares in the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of Cooper Tire & Rubber by 6.8% in the 2nd quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock worth $172,000 after buying an additional 304 shares in the last quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be given a $0.105 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.42 annualized dividend and a dividend yield of 1.28%. Cooper Tire & Rubber’s dividend payout ratio is presently 10.82%.

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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