News coverage about Goodyear Tire & Rubber (NASDAQ:GT) has trended somewhat negative recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Goodyear Tire & Rubber earned a news sentiment score of -0.05 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 48.2670338879227 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
Goodyear Tire & Rubber (NASDAQ:GT) traded up $0.87 during midday trading on Wednesday, reaching $34.37. The company’s stock had a trading volume of 6,156,264 shares, compared to its average volume of 2,680,000. Goodyear Tire & Rubber has a twelve month low of $28.81 and a twelve month high of $37.20. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $8,470.00, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 0.73 and a beta of 1.53.
Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings data on Friday, October 27th. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.91 billion. Goodyear Tire & Rubber had a return on equity of 15.88% and a net margin of 6.67%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 earnings per share. analysts expect that Goodyear Tire & Rubber will post 2.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 1st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.56 annualized dividend and a dividend yield of 1.63%. Goodyear Tire & Rubber’s dividend payout ratio is currently 14.47%.
A number of research firms have recently commented on GT. Zacks Investment Research raised Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Jefferies Group reaffirmed a “buy” rating and issued a $36.00 price target on shares of Goodyear Tire & Rubber in a report on Thursday, October 12th. Guggenheim downgraded Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a research report on Wednesday, November 1st. BidaskClub upgraded Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Saturday, October 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $37.70.
In related news, SVP Jean Claude Kihn sold 7,500 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $32.12, for a total value of $240,900.00. Following the sale, the senior vice president now directly owns 51,848 shares of the company’s stock, valued at $1,665,357.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.
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Goodyear Tire & Rubber Company Profile
The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.
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