Equities analysts expect that The Goodyear Tire & Rubber Company (NASDAQ:GT) will report sales of $3.91 billion for the current fiscal quarter, Zacks reports. Three analysts have made estimates for The Goodyear Tire & Rubber’s earnings, with the lowest sales estimate coming in at $3.87 billion and the highest estimate coming in at $3.99 billion. The Goodyear Tire & Rubber reported sales of $3.74 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The firm is scheduled to report its next earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that The Goodyear Tire & Rubber will report full year sales of $3.91 billion for the current year, with estimates ranging from $15.19 billion to $15.30 billion. For the next fiscal year, analysts expect that the firm will report sales of $15.39 billion per share, with estimates ranging from $15.08 billion to $15.70 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for The Goodyear Tire & Rubber.

The Goodyear Tire & Rubber (NASDAQ:GT) last issued its earnings results on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. The Goodyear Tire & Rubber had a return on equity of 15.88% and a net margin of 6.67%. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the business earned $1.17 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year.

Several equities analysts have recently weighed in on the company. ValuEngine upgraded The Goodyear Tire & Rubber from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Jefferies Group reiterated a “buy” rating and set a $36.00 price objective on shares of The Goodyear Tire & Rubber in a report on Thursday, October 12th. Guggenheim cut 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. BidaskClub upgraded The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Saturday, October 21st. Finally, J P Morgan Chase & Co cut their target price on The Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The Goodyear Tire & Rubber presently has an average rating of “Hold” and a consensus target price of $37.70.

The Goodyear Tire & Rubber (NASDAQ:GT) traded up $0.20 during trading hours on Thursday, hitting $31.77. The stock had a trading volume of 2,076,400 shares, compared to its average volume of 2,896,595. The Goodyear Tire & Rubber has a fifty-two week low of $28.81 and a fifty-two week high of $37.20. 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 company has a market cap of $7,776.55, a PE ratio of 10.18, a PEG ratio of 0.88 and a beta of 1.52.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 1st were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, October 31st. This is a positive change from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.76%. The Goodyear Tire & Rubber’s payout ratio is presently 14.47%.

In related news, insider Jean Claude Kihn sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $33.26, for a total transaction of $249,450.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 30,000 shares of company stock worth $962,625 over the last three months. 1.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Arizona State Retirement System lifted its position in shares of The Goodyear Tire & Rubber by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 62,479 shares of the company’s stock valued at $2,184,000 after acquiring an additional 200 shares during the period. Thrivent Financial For Lutherans lifted its position in shares of The Goodyear Tire & Rubber by 3.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 9,560 shares of the company’s stock valued at $334,000 after acquiring an additional 280 shares during the period. Westover Capital Advisors LLC lifted its position in shares of The Goodyear Tire & Rubber by 5.7% during the 2nd quarter. Westover Capital Advisors LLC now owns 6,139 shares of the company’s stock valued at $215,000 after acquiring an additional 330 shares during the period. First Allied Advisory Services Inc. lifted its position in shares of The Goodyear Tire & Rubber by 1.5% during the 2nd quarter. First Allied Advisory Services Inc. now owns 27,320 shares of the company’s stock valued at $949,000 after acquiring an additional 400 shares during the period. Finally, Bar Harbor Trust Services lifted its position in shares of The Goodyear Tire & Rubber by 0.4% during the 2nd quarter. Bar Harbor Trust Services now owns 121,503 shares of the company’s stock valued at $4,246,000 after acquiring an additional 424 shares during the period. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

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About The Goodyear Tire & Rubber

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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