KeyCorp Weighs in on Cooper Tire & Rubber Co’s FY2017 Earnings (CTB)

Cooper Tire & Rubber Co (NYSE:CTB) – Analysts at KeyCorp issued their FY2017 earnings estimates for shares of Cooper Tire & Rubber in a report released on Tuesday. KeyCorp analyst B. Hoselton forecasts that the company will post earnings per share of $3.23 for the year. KeyCorp currently has a “Buy” rating and a $42.00 price objective on the stock.

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

A number of other research analysts also recently commented on CTB. Jefferies Group reaffirmed a “hold” rating and issued 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. FBR & Co reaffirmed a “buy” rating and issued a $50.00 price target on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. ValuEngine raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Finally, B. Riley reissued a “buy” rating and set a $50.00 target price on shares of Cooper Tire & Rubber in a research note on Monday, December 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.86.

Cooper Tire & Rubber (CTB) opened at $36.50 on Friday. The company has a market capitalization of $1,812.53, a PE ratio of 9.41 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 current ratio of 2.67 and a quick ratio of 1.59.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 1st were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Thursday, November 30th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is currently 10.82%.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Cooper Tire & Rubber by 0.5% during the second quarter. Vanguard Group Inc. now owns 4,350,677 shares of the company’s stock worth $157,060,000 after purchasing an additional 20,738 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cooper Tire & Rubber by 7.1% during the third quarter. Dimensional Fund Advisors LP now owns 3,672,900 shares of the company’s stock worth $137,367,000 after purchasing an additional 242,886 shares during the last quarter. Fairpointe Capital LLC grew its holdings in shares of Cooper Tire & Rubber by 14.8% during the second quarter. Fairpointe Capital LLC now owns 3,377,104 shares of the company’s stock worth $121,914,000 after purchasing an additional 436,279 shares during the last quarter. State Street Corp grew its holdings in shares of Cooper Tire & Rubber by 4.7% during the second quarter. State Street Corp now owns 1,842,041 shares of the company’s stock worth $66,495,000 after purchasing an additional 83,422 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Cooper Tire & Rubber by 4.9% during the second quarter. Northern Trust Corp now owns 1,837,699 shares of the company’s stock worth $66,341,000 after purchasing an additional 85,230 shares during the last quarter.

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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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