Wall Street analysts expect The Goodyear Tire & Rubber Company (NASDAQ:GT) to post earnings of $0.73 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for The Goodyear Tire & Rubber’s earnings, with estimates ranging from $0.71 to $0.76. The Goodyear Tire & Rubber posted earnings per share of $0.95 during the same quarter last year, which indicates a negative year over year growth rate of 23.2%. The firm is scheduled to issue its next earnings results on Wednesday, February 14th.

On average, analysts expect that The Goodyear Tire & Rubber will report full-year earnings of $2.89 per share for the current year, with EPS estimates ranging from $2.84 to $3.00. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.74 per share, with EPS estimates ranging from $3.25 to $4.61. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for The Goodyear Tire & Rubber.

The Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings data on Friday, October 27th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. The Goodyear Tire & Rubber had a net margin of 6.67% and a return on equity of 15.88%. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The business’s revenue was up 1.9% on a year-over-year basis.

A number of brokerages have recently commented on GT. Guggenheim lowered shares of The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a report on Wednesday, November 1st. KeyCorp reissued a “buy” rating and set a $37.00 price objective on shares of The Goodyear Tire & Rubber in a report on Thursday, October 12th. Zacks Investment Research raised shares of The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating and set a $37.00 price objective on the stock in a report on Monday, October 9th. Jefferies Group reissued a “buy” rating and set a $36.00 price objective on shares of The Goodyear Tire & Rubber in a report on Thursday, October 12th. Finally, Citigroup lowered shares of The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and cut their price objective for the company from $38.00 to $36.00 in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The Goodyear Tire & Rubber presently has a consensus rating of “Hold” and an average price target of $37.70.

Shares of The Goodyear Tire & Rubber (GT) opened at $31.41 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.37 and a quick ratio of 0.76. The stock has a market cap of $7,820.89, a PE ratio of 10.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.52. The Goodyear Tire & Rubber has a 12 month low of $28.81 and a 12 month high of $37.20.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 1st were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, October 31st. This is an increase from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. This represents a $0.56 dividend on an annualized basis and a yield of 1.78%. The Goodyear Tire & Rubber’s payout ratio is currently 14.47%.

In other news, insider Jean Claude Kihn sold 7,500 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $33.26, for a total transaction of $249,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 30,000 shares of company stock valued at $962,625 over the last 90 days. 1.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. grew its stake in The Goodyear Tire & Rubber by 143.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 4,557 shares of the company’s stock valued at $152,000 after acquiring an additional 2,682 shares in the last quarter. Shell Asset Management Co. boosted its holdings in The Goodyear Tire & Rubber by 100.3% in the 3rd quarter. Shell Asset Management Co. now owns 98,801 shares of the company’s stock valued at $2,231,000 after purchasing an additional 49,484 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in The Goodyear Tire & Rubber by 5.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,228,322 shares of the company’s stock valued at $42,943,000 after purchasing an additional 62,499 shares during the last quarter. Prudential Financial Inc. boosted its holdings in The Goodyear Tire & Rubber by 47.0% in the 2nd quarter. Prudential Financial Inc. now owns 976,079 shares of the company’s stock valued at $34,124,000 after purchasing an additional 312,298 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in The Goodyear Tire & Rubber by 44.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 159,759 shares of the company’s stock valued at $5,312,000 after purchasing an additional 49,500 shares during the last quarter. 94.76% of the stock is owned by institutional investors.

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The Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

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