Cooper Tire & Rubber Company (NYSE:CTB) – Investment analysts at Northcoast Research lowered their Q4 2017 earnings estimates for shares of Cooper Tire & Rubber in a research note issued on Tuesday. Northcoast Research analyst N. Mitchell now anticipates that the company will post earnings of $0.59 per share for the quarter, down from their prior estimate of $1.29. Northcoast Research also issued estimates for Cooper Tire & Rubber’s Q4 2018 earnings at $1.00 EPS and FY2018 earnings at $3.65 EPS.

CTB has been the subject of a number of other reports. Zacks Investment Research downgraded Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Jefferies Group LLC set a $40.00 price target on Cooper Tire & Rubber and gave the stock a “hold” rating in a report on Monday, August 7th. KeyCorp reiterated a “buy” rating and set a $42.00 price target on shares of Cooper Tire & Rubber in a report on Wednesday. BidaskClub upgraded Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Deutsche Bank AG increased their price target on Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, August 7th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $40.86.

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Cooper Tire & Rubber (NYSE:CTB) last posted its earnings results on Monday, October 30th. The company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.33. The firm had revenue of $733.80 million for the quarter, compared to analyst estimates of $779.02 million. Cooper Tire & Rubber had a return on equity of 17.56% and a net margin of 7.18%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 earnings per share.

Hedge funds have recently added to or reduced their stakes in the company. FNY Partners Fund LP bought a new position in shares of Cooper Tire & Rubber during the 1st quarter worth about $110,000. Riverhead Capital Management LLC boosted 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 worth $145,000 after purchasing 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% during the 2nd quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock worth $156,000 after purchasing an additional 627 shares in the last quarter. Flinton Capital Management LLC boosted 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 worth $161,000 after purchasing 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% during the 2nd quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock worth $172,000 after purchasing an additional 304 shares in the last quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.28%. Cooper Tire & Rubber’s dividend payout ratio (DPR) 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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