Cooper Tire & Rubber Co (CTB) Expected to Post Quarterly Sales of $763.61 Million

Equities analysts predict that Cooper Tire & Rubber Co (NYSE:CTB) will report $763.61 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Cooper Tire & Rubber’s earnings, with the highest sales estimate coming in at $829.30 million and the lowest estimate coming in at $738.00 million. Cooper Tire & Rubber posted sales of $783.89 million during the same quarter last year, which suggests a negative year over year growth rate of 2.6%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Cooper Tire & Rubber will report full-year sales of $763.61 million for the current fiscal year, with estimates ranging from $2.84 billion to $2.97 billion. For the next year, analysts expect that the firm will post sales of $2.98 billion per share, with estimates ranging from $2.79 billion to $3.17 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Cooper Tire & Rubber.

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

A number of equities analysts have recently commented on CTB shares. FBR & Co reaffirmed a “buy” rating and issued a $53.00 target price on shares of Cooper Tire & Rubber in a report on Tuesday, September 5th. Jefferies Group reaffirmed a “hold” rating and issued a $40.00 target price on shares of Cooper Tire & Rubber in a report on Sunday, September 10th. B. Riley reaffirmed a “buy” rating and issued a $50.00 target price on shares of Cooper Tire & Rubber in a report on Monday, December 11th. ValuEngine raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Finally, KeyCorp reiterated a “buy” rating and issued a $42.00 price objective on shares of Cooper Tire & Rubber in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $44.86.

Shares of Cooper Tire & Rubber (NYSE CTB) traded down $0.30 during trading on Friday, hitting $35.70. 355,395 shares of the stock were exchanged, compared to its average volume of 595,309. The firm has a market cap of $1,830.00, a PE ratio of 9.20, a price-to-earnings-growth ratio of 1.17 and a beta of 0.07. Cooper Tire & Rubber has a fifty-two week low of $31.55 and a fifty-two week high of $44.50. The company has a quick ratio of 1.59, a current ratio of 2.67 and a debt-to-equity ratio of 0.24.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be given a $0.105 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.42 dividend on an annualized basis and a yield of 1.18%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 10.82%.

A number of large investors have recently bought and sold shares of CTB. Riverhead Capital Management LLC grew its position in Cooper Tire & Rubber by 75.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock valued at $145,000 after buying an additional 1,729 shares during the last quarter. Flinton Capital Management LLC grew its position in Cooper Tire & Rubber by 76.7% in the 2nd quarter. Flinton Capital Management LLC now owns 4,452 shares of the company’s stock valued at $161,000 after buying an additional 1,932 shares during the last quarter. Advisory Services Network LLC grew its position in Cooper Tire & Rubber by 6.8% in the 2nd quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock valued at $172,000 after buying an additional 304 shares during the last quarter. Worth Venture Partners LLC purchased a new position in Cooper Tire & Rubber in the 2nd quarter valued at $235,000. Finally, M&T Bank Corp purchased a new position in Cooper Tire & Rubber in the 2nd quarter valued at $243,000.

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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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