Northcoast Research Weighs in on Cooper Tire & Rubber Co’s FY2018 Earnings (CTB)

Cooper Tire & Rubber Co (NYSE:CTB) – Analysts at Northcoast Research increased their FY2018 EPS estimates for shares of Cooper Tire & Rubber in a research note issued on Tuesday, October 30th. Northcoast Research analyst J. Healy now expects that the company will earn $2.10 per share for the year, up from their prior estimate of $1.40. Northcoast Research also issued estimates for Cooper Tire & Rubber’s Q4 2018 earnings at $0.58 EPS.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings results on Monday, October 29th. The company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.62. The company had revenue of $737.70 million for the quarter, compared to analysts’ expectations of $748.54 million. Cooper Tire & Rubber had a return on equity of 8.58% and a net margin of 1.25%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 earnings per share.

CTB has been the topic of several other reports. Wolfe Research assumed coverage on Cooper Tire & Rubber in a research note on Tuesday, October 2nd. They issued an “underperform” rating on the stock. Longbow Research reissued a “hold” rating on shares of Cooper Tire & Rubber in a report on Tuesday, August 21st. ValuEngine raised Cooper Tire & Rubber from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 7th. Finally, Zacks Investment Research raised Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $40.00.

Shares of CTB stock opened at $32.83 on Thursday. The firm has a market capitalization of $1.59 billion, a P/E ratio of 10.51, a PEG ratio of 5.66 and a beta of 0.66. Cooper Tire & Rubber has a twelve month low of $22.58 and a twelve month high of $40.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.53 and a current ratio of 2.55.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 3rd will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, November 30th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 13.55%.

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its holdings in Cooper Tire & Rubber by 24.8% in the second quarter. Rhumbline Advisers now owns 136,979 shares of the company’s stock worth $3,603,000 after acquiring an additional 27,185 shares in the last quarter. HGK Asset Management Inc. boosted its holdings in Cooper Tire & Rubber by 19.4% in the second quarter. HGK Asset Management Inc. now owns 15,843 shares of the company’s stock worth $417,000 after acquiring an additional 2,576 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Cooper Tire & Rubber by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 817,192 shares of the company’s stock worth $21,492,000 after acquiring an additional 12,676 shares in the last quarter. Fairpointe Capital LLC boosted its holdings in Cooper Tire & Rubber by 5.7% in the second quarter. Fairpointe Capital LLC now owns 4,424,985 shares of the company’s stock worth $116,377,000 after acquiring an additional 239,226 shares in the last quarter. Finally, Frontier Capital Management Co. LLC bought a new stake in Cooper Tire & Rubber in the second quarter worth $14,643,000.

About Cooper Tire & Rubber

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets 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, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

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

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