Cooper Tire & Rubber Co (NYSE:CTB) – Stock analysts at B. Riley lowered their Q1 2019 earnings estimates for shares of Cooper Tire & Rubber in a report issued on Wednesday, February 20th. B. Riley analyst C. Horn now anticipates that the company will post earnings of $0.14 per share for the quarter, down from their previous forecast of $0.43. B. Riley also issued estimates for Cooper Tire & Rubber’s Q3 2019 earnings at $0.84 EPS, Q4 2019 earnings at $0.96 EPS and Q1 2020 earnings at $0.57 EPS.
Several other research analysts have also recently commented on CTB. Wolfe Research upgraded shares of Cooper Tire & Rubber from an “underperform” rating to a “market perform” rating in a report on Monday, November 12th. Northcoast Research set a $38.00 target price on shares of Cooper Tire & Rubber and gave the stock a “buy” rating in a report on Tuesday, November 20th. TheStreet upgraded shares of Cooper Tire & Rubber from a “c+” rating to a “b-” rating in a report on Wednesday, November 21st. ValuEngine cut shares of Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Finally, Longbow Research restated a “hold” rating on shares of Cooper Tire & Rubber in a report on Friday, January 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.25.
Shares of CTB opened at $32.79 on Friday. Cooper Tire & Rubber has a 12 month low of $22.58 and a 12 month high of $35.36. The firm has a market cap of $1.72 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 3.22 and a beta of 0.67. The company has a quick ratio of 1.59, a current ratio of 1.92 and a debt-to-equity ratio of 0.10.
Cooper Tire & Rubber (NYSE:CTB) last announced its earnings results on Tuesday, February 19th. The company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.10. Cooper Tire & Rubber had a net margin of 2.73% and a return on equity of 9.12%. The business had revenue of $770.50 million during the quarter, compared to analysts’ expectations of $773.82 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in shares of Cooper Tire & Rubber by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 817,192 shares of the company’s stock valued at $21,492,000 after acquiring an additional 12,676 shares in the last quarter. Cornerstone Wealth Management LLC bought a new stake in shares of Cooper Tire & Rubber in the 3rd quarter valued at $327,000. First Trust Advisors LP increased its stake in shares of Cooper Tire & Rubber by 41.5% in the 3rd quarter. First Trust Advisors LP now owns 114,287 shares of the company’s stock valued at $3,234,000 after acquiring an additional 33,536 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Cooper Tire & Rubber by 27.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,034,445 shares of the company’s stock valued at $29,288,000 after acquiring an additional 223,462 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its position in Cooper Tire & Rubber by 107.6% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,155,931 shares of the company’s stock valued at $32,713,000 after purchasing an additional 599,162 shares during the period.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be paid a $0.105 dividend. The ex-dividend date is Thursday, February 28th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.28%. Cooper Tire & Rubber’s payout ratio is currently 19.27%.
Cooper Tire & Rubber Company Profile
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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