Goodyear Tire & Rubber (GT) to Release Earnings on Monday

Goodyear Tire & Rubber (NASDAQ:GT) is set to release its earnings data after the market closes on Monday, November 4th. Analysts expect Goodyear Tire & Rubber to post earnings of $0.25 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Goodyear Tire & Rubber (NASDAQ:GT) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.10. Goodyear Tire & Rubber had a negative net margin of 1.82% and a positive return on equity of 6.55%. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the previous year, the company earned ($0.34) earnings per share. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts expect Goodyear Tire & Rubber to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Goodyear Tire & Rubber Stock Up 2.6 %

Goodyear Tire & Rubber stock opened at $8.22 on Friday. Goodyear Tire & Rubber has a fifty-two week low of $7.27 and a fifty-two week high of $15.24. The stock has a market cap of $2.34 billion, a PE ratio of -6.68 and a beta of 1.69. The firm’s 50-day simple moving average is $8.32 and its 200 day simple moving average is $10.26. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 1.06.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GT shares. StockNews.com cut shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Wolfe Research cut shares of Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Goodyear Tire & Rubber presently has an average rating of “Moderate Buy” and a consensus price target of $17.23.

About Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.