Goodyear (GT) Q1 Earnings and Sales Beat Estimates

Goodyear (GT) Q1 Earnings and Sales Beat Estimates
Goodyear (GT) Q1 Earnings and Sales Beat Estimates
Author

30 April, 2017

Moreover, Blackrock Institutional Na has 0.03% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 7.45 million shares. Great West Life Assurance Co Can accumulated 655,726 shares or 0.06% of the stock. Last session The Goodyear Tire & Rubber Company RSI was seen at 50.92. (NASDAQ:NUVA) was trading at volume above average, prior 52-week high was $77.88 and surged 43.36% over the same period, trading at a volume of 3.09 million.

Cooper Tire & Rubber Company had its "outperform" rating reiterated by analysts at FBR Capital Markets. For the last period, the company reported quarter over quarter EPS growth of 251.60% and quarter over quarter sales growth of -7.90%. Sales narrowly passed the Zacks Consensus Estimate of $3.69 billion. Diamond Hill Capital Management Inc. increased its position in Goodyear Tire & Rubber Co by 5.4% in the third quarter.

First quarter 2017 segment operating income of $73 million was down 8 percent from previous year as lower income in other tire-related businesses and unfavorable foreign currency translation offset favorable price/mix net of raw materials. Adjusted earnings were higher than 72 cents generated in the year-ago quarter.

Goodyear Tire & Rubber Co reported a lower-than-expected revenue as the No.1 US tire maker shipped fewer tires in the Americas region, its biggest market. Stockholders of record on Thursday, March 2nd were given a $0.105 dividend. The ex-dividend date of this dividend was Tuesday, February 28th. Retirement Sys Of Alabama invested 0.05% in Goodyear Tire & Rubber Co (NASDAQ:GT).

Several equities research analysts recently commented on CTB shares. JPMorgan Chase & Co. upgraded Cooper Tire & Rubber Co from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $47.00 to $51.00 in a research note on Tuesday, March 14th. The company had revenue of $643.03 million for the quarter, compared to the consensus estimate of $687.92 million. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating.

U.S. under Trump Series Lumber crash between Trudeau and Trump
Canada's supply management system is controversial and riddled with issues, but it is in full compliance with trade rules. A diplomatic call between President Trump and Canadian Prime Minister Justin Trudeau was anything but "amicable".


'Bachelor' Chris Soules arrested after deadly crash that killed Iowa farmer
Soules, uninjured, allegedly left the scene of the accident prior to the arrival of law enforcement. He was devastated to learn that Kenneth Mosher , the other person in the accident, passed away.


'Bachelor' star Chris Soules charged in deadly Iowa crash
The documents also say that while out of jail, Soules is not allowed to leave Iowa without written consent from the court. Chris ended up fleeing the scene of the accident and was arrested soon after, but is already out on a $10,000 bond.


Since December 1, 2016, it had 0 buys, and 7 insider sales for $6.88 million activity. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of US and worldwide copyright law. The original version of this article can be accessed at https://www.themarketsdaily.com/2017/04/27/stock-buyback-plan-announced-by-cooper-tire-rubber-co-ctb-updated.html.

On 11/16/2016 John J Holland, Director, sold 4,000 with an average share price of $37.86 per share and the total transaction amounting to $151,440.00. The sale was disclosed in a document filed with the SEC, which is available at this link. State Street Corp now owns 12,419,631 shares of the company's stock worth $383,401,000 after buying an additional 294,763 shares during the period. Replacement tire shipments were down 2 percent.

The Goodyear Tire & Rubber Company (GT) is now showing its ROA (Return on Assets) of 7.5%.

The company also released its Europe, Middle East, and Africa segment earnings, as well as its Asia Pacific segment earnings.

During the reported quarter, Goodyear repurchased 0.7 million shares for $25 million. The P/E Ratio measures its current share price relative to its per-share earnings. The company posted actual EPS for the last quarter of $1.28. Following the completion of the transaction, the senior vice president now owns 63,852 shares of the company's stock, valued at $2,355,500.28. (:XXII). Using the following ratings scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell and 5.0 Strong Sell, analysts have an average recommendation of 2.00. On the other side, analysts now consider The Goodyear Tire & Rubber Company a neutral, and a technical analysis of the stock is setting somewhat neutral outlook for now.


More news


  • Messi the world's greatest player

    Messi the world's greatest player

    Sergio Ramos had also been sent off for a wild challenge earlier in the second half. Then we'll see how it goes until the end.
    Bayern's Neuer out for rest of season with foot fracture

    Bayern's Neuer out for rest of season with foot fracture

    We had many chances in the first half but then we lacked tranquillity. "I am furious, so furious tonight as I have never been". Spanish clubs have won the European competition the last three seasons. "It's time to introduce videos for the referees".
    Ansari invites Polish businesses to invest in India

    Ansari invites Polish businesses to invest in India

    Armenia stated that how it had provided voluntary support for India at global forums that also include the United Nations (UN). The objective of the agreement is the development and coordination of bilateral cooperation in the agricultural sector.
  • Brexit: Donald Tusk says EU-27 must remain united

    Brexit: Donald Tusk says EU-27 must remain united

    And he said Britain should harbor no illusion of getting out cheaply. "If you are no longer part of a club, it has consequences. It will be their first meeting since British Prime Minister Theresa May triggered the official withdrawal process a month ago.
    Democratic Illinois House OKs public funding for abortions

    Democratic Illinois House OKs public funding for abortions

    Illinois' Medicaid program covers abortions in cases of rape, incest and when a mother's life or health is threatened. The house passed the abortion expansion despite a veto threat by the state's Republican governor, Bruce Rauner.
    Corn planting progresses throughout West Central Illinois

    Corn planting progresses throughout West Central Illinois

    Winter wheat condition - 54 percent good to excellent, 37 percent fair and 9 percent poor or very poor with 33 percent jointed. Eight percent of the corn acreage has been planted, 9 days behind last year and 3 days behind the 5-year average.
  • The Herd sends five relays to the historic Penn Relays

    The Herd sends five relays to the historic Penn Relays

    Greg Vann , Jackson Webb , Trae Armstrong and Bennie Wesley advanced in the 4x100-meter relay with their time of 40.45. Shikellamy also clocked a season-best 4:11.89 in the girls' 1,600 relay, finishing sixth in its heat.
    Yankees down BoSox 3-1

    Yankees down BoSox 3-1

    Wednesday's loss dropped Boston two games behind NY in the loss column and three behind the division leading Baltimore Orioles. Quintana earned his first win of the season after allowing only one earned run and scattering five hits over six innings.
    Ennis-Hill not expecting Chernova apology after doping ban

    Ennis-Hill not expecting Chernova apology after doping ban

    The second-place finisher in Beijing-Ukraine's Lyudmila Blonska-has also been disqualified for doping. The latter was awarded to Great Britain's Jessica Ennis-Hill.
  • National Day of Prayer observance set May 4

    National Day of Prayer observance set May 4

    However, praying publicly is not a requirement for attending, he said. "It's very simple, and we love to do it", Hanselman said. On April 17, 1952, President Harry Truman signed a bill proclaiming the National Day of Prayer into law in the United States.
    Google Home is now your flawless  kitchen assistant with new recipe feature

    Google Home is now your flawless kitchen assistant with new recipe feature

    Google Home has finally arrived in the United Kingdom , bringing a number of exciting new features to the connected home. It's pulling these recipes from the likes of Bon Appetit and Food Network so there's bound to be something for everyone.
    Cespedes hurt in Mets' 6th straight loss, 7-5 to Braves

    Cespedes hurt in Mets' 6th straight loss, 7-5 to Braves

    Collins said Syndergaard was expected to be available against Washington this weekend and likely will not go on the disabled list. TRAINER'S ROOM Braves: 2B Brandon Phillips exited in the second inning with a left groin strain and is day to day.