Cooper Tire & Rubber Co (NYSE:CTB) Expected to Post Earnings of $0.51 Per Share

Equities research analysts predict that Cooper Tire & Rubber Co (NYSE:CTB) will post earnings per share of $0.51 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Cooper Tire & Rubber’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.55. Cooper Tire & Rubber posted earnings of $0.30 per share in the same quarter last year, which indicates a positive year over year growth rate of 70%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Cooper Tire & Rubber will report full year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.30 to $2.55. For the next year, analysts expect that the firm will report earnings of $3.36 per share, with EPS estimates ranging from $3.10 to $3.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Cooper Tire & Rubber.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.06). The business had revenue of $619.20 million for the quarter, compared to analysts’ expectations of $608.14 million. Cooper Tire & Rubber had a net margin of 2.66% and a return on equity of 9.25%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share.

CTB has been the topic of a number of recent research reports. KeyCorp restated a “buy” rating and set a $235.00 price target on shares of Workday in a research note on Wednesday, May 22nd. Zacks Investment Research cut shares of First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Finally, Longbow Research reiterated a “hold” rating on shares of Cooper Tire & Rubber in a research note on Sunday, July 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $33.67.

Shares of CTB stock traded up $0.62 during trading on Friday, reaching $30.79. 272,372 shares of the company’s stock traded hands, compared to its average volume of 396,931. The company has a market capitalization of $1.53 billion, a P/E ratio of 14.12 and a beta of 0.68. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.93 and a quick ratio of 1.15. The stock has a 50-day moving average price of $30.18. Cooper Tire & Rubber has a 1 year low of $23.27 and a 1 year high of $35.36.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 3rd were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, May 31st. Cooper Tire & Rubber’s dividend payout ratio is presently 19.27%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Unison Advisors LLC purchased a new position in Cooper Tire & Rubber in the second quarter worth about $204,000. Hancock Whitney Corp purchased a new position in Cooper Tire & Rubber in the first quarter worth about $921,000. GAM Holding AG purchased a new position in Cooper Tire & Rubber in the first quarter worth about $400,000. Rutabaga Capital Management LLC MA raised its holdings in Cooper Tire & Rubber by 7.2% in the first quarter. Rutabaga Capital Management LLC MA now owns 393,593 shares of the company’s stock worth $11,764,000 after buying an additional 26,450 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in Cooper Tire & Rubber in the first quarter worth about $102,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

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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