News coverage about Cooper Tire & Rubber (NYSE:CTB) has been trending somewhat negative on Saturday, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cooper Tire & Rubber earned a daily sentiment score of -1.00 on their scale. InfoTrie also assigned news stories about the company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have effected Cooper Tire & Rubber’s score:
- Head-To-Head Survey: Amerityre (AMTY) & Cooper Tire & Rubber (CTB) (americanbankingnews.com)
- Toyota's (TM) Cost-Cut Moves Drive Operating Income in Q2 (finance.yahoo.com)
- Cooper Tire & Rubber Co (CTB) to Post Q1 2019 Earnings of $0.37 Per Share, Jefferies Financial Group Forecasts (americanbankingnews.com)
- Cooper Tire & Rubber Co (CTB) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Cooper Tire & Rubber Co (CTB) Expected to Post Quarterly Sales of $774.32 Million (americanbankingnews.com)
CTB has been the topic of several analyst reports. Longbow Research reiterated a “hold” rating on shares of Cooper Tire & Rubber in a report on Monday, August 6th. ValuEngine upgraded shares of Cooper Tire & Rubber from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 7th. Wolfe Research initiated coverage on shares of Cooper Tire & Rubber in a report on Tuesday, October 2nd. They set an “underperform” rating on the stock. Finally, Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $40.00.
Shares of CTB stock opened at $32.79 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.55. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 4.00 and a beta of 0.57. Cooper Tire & Rubber has a one year low of $22.58 and a one year high of $40.78.
Cooper Tire & Rubber (NYSE:CTB) last issued its earnings results on Monday, October 29th. The company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.62. The business had revenue of $737.70 million for the quarter, compared to the consensus estimate of $748.54 million. Cooper Tire & Rubber had a net margin of 1.25% and a return on equity of 8.58%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. On average, equities analysts forecast that Cooper Tire & Rubber will post 2.08 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 3rd will be paid a $0.105 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.42 dividend on an annualized basis and a yield of 1.28%. Cooper Tire & Rubber’s dividend payout ratio is currently 13.55%.
About Cooper Tire & Rubber
Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.
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