Brokerages Anticipate Cooper Tire & Rubber Co (CTB) to Post $0.20 EPS

Equities analysts predict that Cooper Tire & Rubber Co (NYSE:CTB) will post earnings of $0.20 per share for the current quarter, according to Zacks. Three analysts have made estimates for Cooper Tire & Rubber’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.14. Cooper Tire & Rubber reported earnings of $0.16 per share in the same quarter last year, which indicates a positive year over year growth rate of 25%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Cooper Tire & Rubber will report full year earnings of $2.48 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.55. For the next fiscal year, analysts anticipate that the business will post earnings of $3.46 per share, with EPS estimates ranging from $3.15 to $3.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Cooper Tire & Rubber.

Cooper Tire & Rubber (NYSE:CTB) last released its quarterly earnings data on Tuesday, February 19th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.56 by $0.10. Cooper Tire & Rubber had a return on equity of 9.12% and a net margin of 2.73%. The company had revenue of $770.50 million for the quarter, compared to analysts’ expectations of $773.82 million. During the same period last year, the firm posted $0.50 earnings per share. Cooper Tire & Rubber’s revenue was up 1.8% compared to the same quarter last year.

Several research firms recently commented on CTB. Longbow Research reaffirmed a “hold” rating on shares of Cooper Tire & Rubber in a research report on Friday, January 18th. Zacks Investment Research cut Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. ValuEngine cut Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Finally, TheStreet cut 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 issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.00.

Cooper Tire & Rubber stock opened at $32.00 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.92. Cooper Tire & Rubber has a one year low of $22.58 and a one year high of $35.36. The firm has a market cap of $1.60 billion, a P/E ratio of 14.68 and a beta of 0.60.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a $0.105 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.42 annualized dividend and a yield of 1.31%. Cooper Tire & Rubber’s payout ratio is 19.27%.

A number of large investors have recently made changes to their positions in the business. Rowland & Co. Investment Counsel ADV boosted its position in Cooper Tire & Rubber by 3.8% in the first quarter. Rowland & Co. Investment Counsel ADV now owns 16,458 shares of the company’s stock worth $492,000 after purchasing an additional 600 shares during the last quarter. Geode Capital Management LLC boosted its position in Cooper Tire & Rubber by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 528,682 shares of the company’s stock worth $17,092,000 after purchasing an additional 31,506 shares during the last quarter. Norges Bank purchased a new position in Cooper Tire & Rubber in the fourth quarter worth about $15,800,000. Wakefield Asset Management LLLP purchased a new position in Cooper Tire & Rubber in the fourth quarter worth about $424,000. Finally, Legal & General Group Plc boosted its position in Cooper Tire & Rubber by 3.8% in the fourth quarter. Legal & General Group Plc now owns 153,237 shares of the company’s stock worth $4,950,000 after purchasing an additional 5,548 shares during the last quarter.

Cooper Tire & Rubber Company Profile

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

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