Cooper Tire & Rubber Co (CTB) Expected to Post Earnings of $0.45 Per Share

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Equities research analysts expect Cooper Tire & Rubber Co (NYSE:CTB) to report earnings of $0.45 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Cooper Tire & Rubber’s earnings, with estimates ranging from $0.39 to $0.50. Cooper Tire & Rubber posted earnings of $1.18 per share during the same quarter last year, which indicates a negative year over year growth rate of 61.9%. The firm is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Cooper Tire & Rubber will report full year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.28 to $1.50. For the next year, analysts expect that the company will post earnings of $2.66 per share, with EPS estimates ranging from $2.30 to $2.98. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Cooper Tire & Rubber.

Cooper Tire & Rubber (NYSE:CTB) last released its earnings results on Monday, August 6th. The company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Cooper Tire & Rubber had a return on equity of 9.24% and a net margin of 1.53%. The company had revenue of $698.00 million for the quarter, compared to analysts’ expectations of $679.75 million. During the same period in the previous year, the business posted $0.85 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year.

A number of equities research analysts recently issued reports on CTB shares. Longbow Research restated a “hold” rating on shares of Cooper Tire & Rubber in a research note on Monday, August 6th. ValuEngine upgraded Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Zacks Investment Research upgraded Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Tuesday. Northcoast Research restated a “buy” rating on shares of Cooper Tire & Rubber in a research note on Monday, June 25th. Finally, Wolfe Research started coverage on Cooper Tire & Rubber in a research note on Tuesday, October 2nd. They issued an “underperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Cooper Tire & Rubber currently has a consensus rating of “Hold” and an average target price of $41.00.

Cooper Tire & Rubber stock traded down $0.36 during midday trading on Monday, reaching $23.68. The stock had a trading volume of 1,127,985 shares, compared to its average volume of 762,715. Cooper Tire & Rubber has a 12 month low of $22.58 and a 12 month high of $40.78. The stock has a market capitalization of $1.42 billion, a P/E ratio of 7.64, a P/E/G ratio of 5.04 and a beta of 0.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.53 and a current ratio of 2.58.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Tuesday, September 4th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, August 31st. Cooper Tire & Rubber’s dividend payout ratio is presently 13.55%.

Several institutional investors and hedge funds have recently made changes to their positions in CTB. United Services Automobile Association boosted its stake in shares of Cooper Tire & Rubber by 283.0% in the 2nd quarter. United Services Automobile Association now owns 104,441 shares of the company’s stock valued at $2,747,000 after purchasing an additional 77,173 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Cooper Tire & Rubber by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 817,192 shares of the company’s stock valued at $21,492,000 after purchasing an additional 12,676 shares in the last quarter. Fairpointe Capital LLC boosted its stake in shares of Cooper Tire & Rubber by 5.7% in the 2nd quarter. Fairpointe Capital LLC now owns 4,424,985 shares of the company’s stock valued at $116,377,000 after purchasing an additional 239,226 shares in the last quarter. Putnam Investments LLC boosted its stake in shares of Cooper Tire & Rubber by 437.9% in the 2nd quarter. Putnam Investments LLC now owns 90,900 shares of the company’s stock valued at $2,391,000 after purchasing an additional 74,000 shares in the last quarter. Finally, Portolan Capital Management LLC acquired a new stake in shares of Cooper Tire & Rubber in the 2nd quarter valued at approximately $8,667,000.

Cooper Tire & Rubber Company Profile

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets 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, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

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

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