Cooper Tire & Rubber Company (NYSE:CTB) – Investment analysts at Jefferies Group dropped their Q4 2017 earnings per share (EPS) estimates for shares of Cooper Tire & Rubber in a research report issued to clients and investors on Tuesday. Jefferies Group analyst B. Jordan now expects that the company will post earnings per share of $0.66 for the quarter, down from their previous estimate of $0.98. Jefferies Group currently has a “Hold” rating and a $35.00 target price on the stock.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings data on Monday, October 30th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.33. Cooper Tire & Rubber had a return on equity of 17.56% and a net margin of 7.18%. The company had revenue of $733.80 million for the quarter, compared to the consensus estimate of $779.02 million. During the same quarter last year, the business posted $1.04 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year.

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Several other analysts have also recently commented on CTB. FBR & Co reiterated a “buy” rating and issued a $50.00 price target on shares of Cooper Tire & Rubber in a research note on Tuesday. KeyCorp reiterated a “buy” rating and issued a $42.00 price target on shares of Cooper Tire & Rubber in a research note on Wednesday. BidaskClub cut shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Deutsche Bank AG boosted 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, Zacks Investment Research cut shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Cooper Tire & Rubber currently has a consensus rating of “Hold” and an average target price of $40.86.

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

A number of hedge funds have recently made changes to their positions in CTB. FNY Partners Fund LP purchased a new stake in shares of Cooper Tire & Rubber during the 1st quarter valued at about $110,000. Riverhead Capital Management LLC raised its position in shares of Cooper Tire & Rubber by 75.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock valued at $145,000 after buying an additional 1,729 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Cooper Tire & Rubber by 17.0% during the 2nd quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock valued at $156,000 after buying an additional 627 shares in the last quarter. Flinton Capital Management LLC raised its position in shares of Cooper Tire & Rubber by 76.7% during the 2nd quarter. Flinton Capital Management LLC now owns 4,452 shares of the company’s stock valued at $161,000 after buying an additional 1,932 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Cooper Tire & Rubber by 6.8% during the 2nd quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock valued at $172,000 after buying an additional 304 shares in the last quarter.

About Cooper Tire & Rubber

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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