Jefferies Financial Group Weighs in on Cooper Tire & Rubber Co’s Q3 2019 Earnings (CTB)

Cooper Tire & Rubber Co (NYSE:CTB) – Equities researchers at Jefferies Financial Group lifted their Q3 2019 EPS estimates for Cooper Tire & Rubber in a research report issued on Monday, April 29th. Jefferies Financial Group analyst B. Jordan now expects that the company will post earnings of $0.89 per share for the quarter, up from their prior forecast of $0.70. Jefferies Financial Group also issued estimates for Cooper Tire & Rubber’s FY2019 earnings at $2.36 EPS and Q1 2020 earnings at $0.49 EPS.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Longbow Research reiterated a “hold” rating on shares of Cooper Tire & Rubber in a report on Friday, January 18th. TheStreet downgraded Cooper Tire & Rubber from a “b-” rating to a “c+” rating in a report on Tuesday, March 12th. Finally, ValuEngine downgraded Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Cooper Tire & Rubber has a consensus rating of “Hold” and a consensus price target of $38.00.

Shares of CTB opened at $30.73 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.93 and a quick ratio of 1.28. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 14.10 and a beta of 0.59. Cooper Tire & Rubber has a fifty-two week low of $23.27 and a fifty-two week high of $35.36.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings results on Monday, April 29th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). The business had revenue of $619.20 million during the quarter, compared to analyst estimates of $608.14 million. Cooper Tire & Rubber had a net margin of 2.66% and a return on equity of 9.25%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share.

Hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in shares of Cooper Tire & Rubber during the 4th quarter worth $39,000. Captrust Financial Advisors acquired a new stake in shares of Cooper Tire & Rubber during the 4th quarter worth $40,000. Quantamental Technologies LLC acquired a new stake in shares of Cooper Tire & Rubber during the 1st quarter worth $42,000. KBC Group NV increased its holdings in shares of Cooper Tire & Rubber by 98.7% during the 4th quarter. KBC Group NV now owns 1,685 shares of the company’s stock worth $54,000 after buying an additional 837 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new stake in shares of Cooper Tire & Rubber during the 4th quarter worth $63,000.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.37%. Cooper Tire & Rubber’s payout ratio is 19.27%.

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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