Cooper Tire & Rubber (CTB) Scheduled to Post Earnings on Monday

Cooper Tire & Rubber (NYSE:CTB) is set to issue its quarterly earnings data before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings results on Tuesday, February 19th. The company reported $0.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $770.50 million during the quarter, compared to analysts’ expectations of $773.82 million. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue was up 1.8% on a year-over-year basis. On average, analysts expect Cooper Tire & Rubber to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NYSE CTB opened at $32.97 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.92 and a debt-to-equity ratio of 0.10. Cooper Tire & Rubber has a 52-week low of $22.58 and a 52-week high of $35.36. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 15.12 and a beta of 0.60.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.27%. The ex-dividend date was Thursday, February 28th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is currently 19.27%.

CTB has been the subject of several recent research reports. ValuEngine cut shares of Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Longbow Research restated a “hold” rating on shares of Cooper Tire & Rubber in a research report on Friday, January 18th. Zacks Investment Research cut shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. Finally, TheStreet cut shares of Cooper Tire & Rubber from a “b-” rating to a “c+” rating in a research report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $37.00.

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

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