Cooper Tire & Rubber Co (CTB) Forecasted to Earn Q2 2019 Earnings of $0.47 Per Share Posted by Shane Hupp on May 25th, 2019 Tweet
Cooper Tire & Rubber Co (NYSE:CTB) – Stock analysts at KeyCorp issued their Q2 2019 EPS estimates for shares of Cooper Tire & Rubber in a report issued on Wednesday, May 22nd. KeyCorp analyst J. Picariello anticipates that the company will post earnings per share of $0.47 for the quarter. KeyCorp has a “Overweight” rating and a $36.00 price objective on the stock. KeyCorp also issued estimates for Cooper Tire & Rubber’s Q3 2019 earnings at $0.82 EPS, Q4 2019 earnings at $0.99 EPS, FY2019 earnings at $2.40 EPS and FY2020 earnings at $3.40 EPS. Get Cooper Tire & Rubber alerts:
Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). The company had revenue of $619.20 million during the quarter, compared to analysts’ expectations of $608.14 million. Cooper Tire & Rubber had a return on equity of 9.25% and a net margin of 2.66%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. Other equities research analysts have also issued reports about the company. TheStreet lowered Cooper Tire & Rubber from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. Zacks Investment Research upgraded Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $37.00.
NYSE:CTB opened at $28.97 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.93 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.45 billion, a PE ratio of 13.29 and a beta of 0.59. Cooper Tire & Rubber has a one year low of $23.27 and a one year high of $35.36.
Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new stake in Cooper Tire & Rubber in the 4th quarter worth $39,000. Captrust Financial Advisors purchased a new stake in Cooper Tire & Rubber in the 4th quarter worth $40,000. Quantamental Technologies LLC purchased a new stake in Cooper Tire & Rubber in the 1st quarter worth $42,000. KBC Group NV increased its stake in Cooper Tire & Rubber by 98.7% in 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 in the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new stake in Cooper Tire & Rubber in the 4th quarter worth $63,000. Institutional investors and hedge funds own 94.87% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a $0.105 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.42 dividend on an annualized basis and a yield of 1.45%. Cooper Tire & Rubber’s payout ratio is presently 19.27%.
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.