Wall Street analysts expect Cooper Tire & Rubber Company (NYSE:CTB) to announce $763.61 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Cooper Tire & Rubber’s earnings. The lowest sales estimate is $738.00 million and the highest is $829.30 million. Cooper Tire & Rubber reported sales of $783.89 million in the same quarter last year, which indicates a negative year-over-year growth rate of 2.6%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Cooper Tire & Rubber will report full year sales of $763.61 million for the current financial year, with estimates ranging from $2.84 billion to $2.97 billion. For the next fiscal year, analysts expect that the company will report sales of $2.98 billion per share, with estimates ranging from $2.79 billion to $3.17 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for 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 for the quarter, topping the consensus estimate of $0.85 by $0.33. The company 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS.

Several analysts have recently issued reports on CTB shares. FBR & Co reiterated a “buy” rating and set a $53.00 price target on shares of Cooper Tire & Rubber in a research note on Tuesday, September 5th. Jefferies Group reiterated a “hold” rating and set a $40.00 price target on shares of Cooper Tire & Rubber in a research note on Sunday, September 10th. Zacks Investment Research downgraded Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. KeyCorp reiterated a “buy” rating and set a $42.00 price target on shares of Cooper Tire & Rubber in a research note on Wednesday, November 1st. Finally, ValuEngine upgraded Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Cooper Tire & Rubber presently has an average rating of “Hold” and a consensus price target of $44.00.

Hedge funds have recently made changes to their positions in the business. Riverhead Capital Management LLC lifted 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 acquiring an additional 1,729 shares during the period. LS Investment Advisors LLC lifted 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 acquiring an additional 627 shares during the period. Flinton Capital Management LLC lifted 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 acquiring an additional 1,932 shares during the period. Advisory Services Network LLC lifted 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 acquiring an additional 304 shares during the period. Finally, ING Groep NV bought a new stake in shares of Cooper Tire & Rubber in the 2nd quarter worth approximately $232,000.

Cooper Tire & Rubber (NYSE CTB) traded down $0.30 on Wednesday, hitting $36.20. The stock had a trading volume of 379,500 shares, compared to its average volume of 730,454. The company has a market cap of $1,871.49, a P/E ratio of 9.41, a PEG ratio of 1.18 and a beta of 0.07. Cooper Tire & Rubber has a 52 week low of $31.55 and a 52 week high of $44.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.67.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be paid a dividend of $0.105 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.42 annualized dividend and a yield of 1.16%. Cooper Tire & Rubber’s payout ratio is 10.82%.

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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.

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

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