$770.01 Million in Sales Expected for Cooper Tire & Rubber Co (CTB) This Quarter

Analysts expect Cooper Tire & Rubber Co (NYSE:CTB) to post $770.01 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Cooper Tire & Rubber’s earnings, with the lowest sales estimate coming in at $739.83 million and the highest estimate coming in at $829.30 million. Cooper Tire & Rubber posted sales of $783.89 million during the same quarter last year, which suggests a negative year-over-year growth rate of 1.8%. The company is expected to announce its next quarterly earnings results before the market opens on Tuesday, February 20th.

On average, analysts expect that Cooper Tire & Rubber will report full year sales of $770.01 million for the current financial year, with estimates ranging from $2.84 billion to $2.97 billion. For the next year, analysts anticipate that the firm will post sales of $2.98 billion per share, with estimates ranging from $2.79 billion to $3.17 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Cooper Tire & Rubber.

CTB has been the topic of a number of recent analyst reports. Zacks Investment Research raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Friday, January 12th. FBR & Co reissued a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a research report on Tuesday, October 31st. Northcoast Research raised Cooper Tire & Rubber from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. Longbow Research assumed coverage on Cooper Tire & Rubber in a research report on Wednesday, January 31st. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $35.00 target price on shares of Cooper Tire & Rubber in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Cooper Tire & Rubber presently has an average rating of “Buy” and a consensus target price of $45.88.

Shares of Cooper Tire & Rubber (NYSE:CTB) traded down $0.85 during midday trading on Monday, reaching $35.60. The company’s stock had a trading volume of 891,393 shares, compared to its average volume of 651,224. The firm has a market capitalization of $1,868.93, a P/E ratio of 9.18 and a beta of 0.17. The company has a current ratio of 2.67, a quick ratio of 1.59 and a debt-to-equity ratio of 0.24. Cooper Tire & Rubber has a 1 year low of $31.55 and a 1 year high of $44.50.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.18%. Cooper Tire & Rubber’s payout ratio is 10.82%.

Institutional investors have recently bought and sold shares of the company. First Trust Advisors LP grew its position in shares of Cooper Tire & Rubber by 20.1% in the third quarter. First Trust Advisors LP now owns 56,443 shares of the company’s stock valued at $2,111,000 after purchasing an additional 9,465 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Cooper Tire & Rubber by 29.5% in the third quarter. American Century Companies Inc. now owns 317,017 shares of the company’s stock valued at $11,856,000 after buying an additional 72,195 shares during the period. Vanguard Group Inc. boosted its stake in shares of Cooper Tire & Rubber by 0.5% in the second quarter. Vanguard Group Inc. now owns 4,350,677 shares of the company’s stock valued at $157,060,000 after buying an additional 20,738 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Cooper Tire & Rubber by 1,109.8% in the third quarter. Russell Investments Group Ltd. now owns 522,894 shares of the company’s stock valued at $19,556,000 after buying an additional 479,671 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Cooper Tire & Rubber by 2.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 282,044 shares of the company’s stock valued at $10,549,000 after buying an additional 6,367 shares during the period.

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Cooper Tire & Rubber Company Profile

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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