Analysts Anticipate Cooper Tire & Rubber Company (CTB) Will Post Earnings of $0.62 Per Share

Equities analysts expect Cooper Tire & Rubber Company (NYSE:CTB) to report earnings per share (EPS) of $0.62 for the current quarter, Zacks reports. Five analysts have made estimates for Cooper Tire & Rubber’s earnings. The lowest EPS estimate is $0.59 and the highest is $0.66. Cooper Tire & Rubber reported earnings of $1.28 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 51.6%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Cooper Tire & Rubber will report full-year earnings of $3.22 per share for the current fiscal year, with EPS estimates ranging from $3.19 to $3.26. For the next fiscal year, analysts forecast that the company will report earnings of $3.68 per share, with EPS estimates ranging from $3.18 to $4.24. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Cooper Tire & Rubber.

Cooper Tire & Rubber (NYSE:CTB) last issued its earnings results on Monday, October 30th. The company reported $1.18 earnings per share (EPS) for the quarter, beating 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 business’s revenue 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.

A number of research firms recently issued reports on CTB. ValuEngine upgraded Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Thursday. Jefferies Group set a $40.00 price objective on Cooper Tire & Rubber and gave the company a “hold” rating in a research note on Monday, August 7th. Deutsche Bank boosted their price objective on Cooper Tire & Rubber from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, August 7th. Zacks Investment Research lowered Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, FBR & Co reiterated a “buy” rating and set a $50.00 price objective on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Cooper Tire & Rubber presently has a consensus rating of “Hold” and an average price target of $44.00.

Shares of Cooper Tire & Rubber (NYSE CTB) opened at $36.35 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.67. Cooper Tire & Rubber has a one year low of $31.55 and a one year high of $44.50. The stock has a market capitalization of $1,863.80, a price-to-earnings ratio of 9.37, a P/E/G ratio of 1.18 and a beta of 0.07.

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.42 dividend on an annualized basis and a yield of 1.16%. Cooper Tire & Rubber’s dividend payout ratio is currently 10.82%.

A number of hedge funds and other institutional investors have recently made changes to their positions in CTB. Deprince Race & Zollo Inc. increased its stake in Cooper Tire & Rubber by 3,781.2% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,139,284 shares of the company’s stock worth $42,609,000 after acquiring an additional 1,109,930 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in Cooper Tire & Rubber in the 2nd quarter worth about $25,270,000. Russell Investments Group Ltd. increased its stake in Cooper Tire & Rubber by 1,109.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 522,894 shares of the company’s stock worth $19,556,000 after acquiring an additional 479,671 shares during the last quarter. Fairpointe Capital LLC increased its stake in Cooper Tire & Rubber by 14.8% in the 2nd quarter. Fairpointe Capital LLC now owns 3,377,104 shares of the company’s stock worth $121,914,000 after acquiring an additional 436,279 shares during the last quarter. Finally, Royce & Associates LP increased its stake in Cooper Tire & Rubber by 14.3% in the 2nd quarter. Royce & Associates LP now owns 2,955,339 shares of the company’s stock worth $106,688,000 after acquiring an additional 369,045 shares during the last quarter.

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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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Earnings History and Estimates for Cooper Tire & Rubber (NYSE:CTB)

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