Equities Analysts Offer Predictions for Cooper Tire & Rubber Company’s Q4 2017 Earnings (CTB)

Cooper Tire & Rubber Company (NYSE:CTB) – Research analysts at KeyCorp issued their Q4 2017 earnings estimates for shares of Cooper Tire & Rubber in a research report issued to clients and investors on Monday, according to Zacks Investment Research. KeyCorp analyst B. Hoselton expects that the company will earn $0.63 per share for the quarter. KeyCorp currently has a “Buy” rating and a $42.00 target price on the stock. KeyCorp also issued estimates for Cooper Tire & Rubber’s FY2018 earnings at $3.80 EPS.

Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings data on Monday, October 30th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.33. The firm had revenue of $733.80 million during 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS. ILLEGAL ACTIVITY WARNING: “Equities Analysts Offer Predictions for Cooper Tire & Rubber Company’s Q4 2017 Earnings (CTB)” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2017/11/12/keycorp-comments-on-cooper-tire-rubber-companys-q4-2017-earnings-ctb.html.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Group LLC restated a “hold” rating and issued a $35.00 price objective on shares of Cooper Tire & Rubber in a research report on Tuesday, October 31st. BidaskClub upgraded shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. FBR & Co reiterated a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Tuesday, August 1st. Finally, Deutsche Bank AG lifted their price target on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $44.00.

Shares of Cooper Tire & Rubber (NYSE:CTB) opened at $33.60 on Thursday. 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 firm has a market cap of $1,722.81, a PE ratio of 8.66, a price-to-earnings-growth ratio of 1.07 and a beta of -0.01. Cooper Tire & Rubber has a 1 year low of $31.55 and a 1 year high of $44.50.

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 issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, November 30th. Cooper Tire & Rubber’s dividend payout ratio is currently 10.82%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cipher Capital LP grew its holdings in Cooper Tire & Rubber by 679.0% during the second quarter. Cipher Capital LP now owns 45,647 shares of the company’s stock valued at $1,648,000 after purchasing an additional 39,787 shares during the period. Victory Capital Management Inc. grew its holdings in Cooper Tire & Rubber by 39.4% during the second quarter. Victory Capital Management Inc. now owns 1,047,537 shares of the company’s stock valued at $37,817,000 after purchasing an additional 296,340 shares during the period. Vanguard Group Inc. grew its holdings in Cooper Tire & Rubber by 0.5% during the second quarter. Vanguard Group Inc. now owns 4,350,677 shares of the company’s stock valued at $157,060,000 after purchasing an additional 20,738 shares during the period. Federated Investors Inc. PA grew its holdings in Cooper Tire & Rubber by 2.6% during the second quarter. Federated Investors Inc. PA now owns 152,705 shares of the company’s stock valued at $5,513,000 after purchasing an additional 3,871 shares during the period. Finally, Icon Advisers Inc. Co. acquired a new position in Cooper Tire & Rubber during the second quarter valued at approximately $282,000.

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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