Cooper Tire & Rubber Co (NYSE:CTB) – Stock analysts at KeyCorp increased their Q2 2019 earnings per share (EPS) estimates for shares of Cooper Tire & Rubber in a research note issued to investors on Tuesday, June 11th. KeyCorp analyst J. Picariello now forecasts that the company will post earnings per share of $0.49 for the quarter, up from their previous estimate of $0.47. KeyCorp currently has a “Overweight” rating and a $36.00 target price on the stock. KeyCorp also issued estimates for Cooper Tire & Rubber’s Q3 2019 earnings at $0.83 EPS, Q4 2019 earnings at $1.00 EPS, FY2019 earnings at $2.45 EPS and FY2020 earnings at $3.45 EPS.
Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.06). The business had revenue of $619.20 million for the quarter, compared to the consensus estimate of $608.14 million. Cooper Tire & Rubber had a net margin of 2.66% and a return on equity of 9.25%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS.
CTB has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. TheStreet lowered shares of Cooper Tire & Rubber from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Cooper Tire & Rubber currently has a consensus rating of “Hold” and a consensus target price of $33.00.
Shares of CTB stock opened at $30.54 on Thursday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 13.33 and a beta of 0.60. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.93 and a quick ratio of 1.15. Cooper Tire & Rubber has a 12 month low of $23.27 and a 12 month high of $35.36.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, May 31st. Cooper Tire & Rubber’s dividend payout ratio is 19.27%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new position in Cooper Tire & Rubber during the 4th quarter worth $39,000. Captrust Financial Advisors purchased a new stake in Cooper Tire & Rubber during the fourth quarter valued at about $40,000. Quantamental Technologies LLC purchased a new stake in Cooper Tire & Rubber during the first quarter valued at about $42,000. KBC Group NV lifted its holdings in Cooper Tire & Rubber by 98.7% during the fourth quarter. KBC Group NV now owns 1,685 shares of the company’s stock valued at $54,000 after purchasing an additional 837 shares during the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new stake in Cooper Tire & Rubber during the fourth quarter valued at about $63,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.
About Cooper Tire & Rubber
Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells 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, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.
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