Equities research analysts expect Cooper Tire & Rubber Co (NYSE:CTB) to announce $741.68 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Cooper Tire & Rubber’s earnings. The highest sales estimate is $760.71 million and the lowest is $713.80 million. Cooper Tire & Rubber reported sales of $770.49 million in the same quarter last year, which indicates a negative year over year growth rate of 3.7%. The business is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Cooper Tire & Rubber will report full-year sales of $2.74 billion for the current financial year, with estimates ranging from $2.72 billion to $2.76 billion. For the next year, analysts anticipate that the company will report sales of $2.82 billion, with estimates ranging from $2.77 billion to $2.87 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Cooper Tire & Rubber.
Cooper Tire & Rubber (NYSE:CTB) last posted its earnings results on Monday, October 28th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.09. The firm had revenue of $704.10 million during the quarter, compared to the consensus estimate of $734.96 million. Cooper Tire & Rubber had a net margin of 1.61% and a return on equity of 6.59%. The company’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS.
CTB has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating and set a $29.00 target price for the company in a research report on Tuesday, October 22nd. KeyCorp increased their target price on shares of Cooper Tire & Rubber from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Northcoast Research downgraded shares of Cooper Tire & Rubber from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 29th. TheStreet raised shares of Cooper Tire & Rubber from a “c” rating to a “b-” rating in a research report on Monday, October 28th. Finally, ValuEngine raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $34.00.
Large investors have recently modified their holdings of the business. Cerebellum GP LLC acquired a new stake in Cooper Tire & Rubber in the third quarter valued at approximately $72,000. Tower Research Capital LLC TRC grew its position in Cooper Tire & Rubber by 149.9% in the third quarter. Tower Research Capital LLC TRC now owns 2,124 shares of the company’s stock valued at $55,000 after acquiring an additional 1,274 shares in the last quarter. Bridger Capital Management LLC acquired a new stake in Cooper Tire & Rubber in the third quarter valued at approximately $83,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cooper Tire & Rubber by 22.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,429 shares of the company’s stock valued at $90,000 after acquiring an additional 640 shares in the last quarter. Finally, First Mercantile Trust Co. grew its position in Cooper Tire & Rubber by 12.4% in the third quarter. First Mercantile Trust Co. now owns 3,800 shares of the company’s stock valued at $99,000 after acquiring an additional 420 shares in the last quarter. 96.26% of the stock is owned by institutional investors.
CTB traded up $0.22 on Friday, reaching $28.74. 509,800 shares of the company’s stock were exchanged, compared to its average volume of 231,650. The company’s 50 day moving average is $28.73 and its 200-day moving average is $27.52. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 13.19 and a beta of 0.66. Cooper Tire & Rubber has a twelve month low of $22.46 and a twelve month high of $35.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.80.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 2nd were given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, November 29th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 19.27%.
About Cooper Tire & Rubber
Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells 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, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.
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