Q3 2018 EPS Estimates for Cooper Tire & Rubber Co (CTB) Reduced by Jefferies Group

Cooper Tire & Rubber Co (NYSE:CTB) – Analysts at Jefferies Group cut their Q3 2018 EPS estimates for Cooper Tire & Rubber in a research report issued on Wednesday. Jefferies Group analyst B. Jordan now forecasts that the company will earn $0.82 per share for the quarter, down from their previous forecast of $1.02. Jefferies Group has a “Hold” rating and a $35.00 price objective on the stock. Jefferies Group also issued estimates for Cooper Tire & Rubber’s Q1 2019 earnings at $0.81 EPS, Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $0.98 EPS, Q4 2019 earnings at $1.02 EPS and FY2019 earnings at $3.74 EPS.

Other analysts have also issued reports about the company. Zacks Investment Research raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, January 12th. KeyCorp reaffirmed a “buy” rating and set a $42.00 target price on shares of Cooper Tire & Rubber in a report on Wednesday, November 1st. Longbow Research started coverage on Cooper Tire & Rubber in a report on Wednesday, January 31st. They set a “buy” rating and a $50.00 target price on the stock. B. Riley reaffirmed a “buy” rating and set a $50.00 target price on shares of Cooper Tire & Rubber in a report on Monday, December 11th. Finally, FBR & Co reaffirmed a “buy” rating and set a $50.00 target price on shares of Cooper Tire & Rubber in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Cooper Tire & Rubber currently has an average rating of “Hold” and a consensus price target of $43.63.

Cooper Tire & Rubber (NYSE:CTB) opened at $32.85 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.75 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $1,673.79, a PE ratio of 18.46 and a beta of 0.17. Cooper Tire & Rubber has a 1-year low of $31.55 and a 1-year high of $44.50.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.12). The firm had revenue of $757.04 million during the quarter, compared to analyst estimates of $750.97 million. Cooper Tire & Rubber had a net margin of 3.34% and a return on equity of 13.71%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 earnings per share.

Institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP grew its holdings in 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 period. American Century Companies Inc. grew its holdings in 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 purchasing an additional 72,195 shares during the period. Russell Investments Group Ltd. grew its holdings in 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 purchasing an additional 479,671 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in 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 purchasing an additional 6,367 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in Cooper Tire & Rubber in the third quarter valued at approximately $299,000.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, February 28th. Cooper Tire & Rubber’s payout ratio is currently 23.60%.

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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.

Earnings History and Estimates for Cooper Tire & Rubber (NYSE:CTB)

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