$0.27 EPS Expected for Cooper Tire & Rubber Co (CTB) This Quarter

Equities analysts expect Cooper Tire & Rubber Co (NYSE:CTB) to announce earnings of $0.27 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Cooper Tire & Rubber’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.23. Cooper Tire & Rubber reported earnings of $0.85 per share in the same quarter last year, which suggests a negative year over year growth rate of 68.2%. The company is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Cooper Tire & Rubber will report full year earnings of $1.88 per share for the current fiscal year, with EPS estimates ranging from $1.63 to $2.07. For the next fiscal year, analysts anticipate that the company will report earnings of $3.01 per share, with EPS estimates ranging from $2.44 to $3.28. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Cooper Tire & Rubber.

Cooper Tire & Rubber (NYSE:CTB) last posted its earnings results on Monday, April 30th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.41). The business had revenue of $601.50 million for the quarter, compared to analyst estimates of $641.21 million. Cooper Tire & Rubber had a return on equity of 11.73% and a net margin of 2.60%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share.

A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Cooper Tire & Rubber from a “hold” rating to a “strong sell” rating in a report on Friday, May 4th. B. Riley decreased their target price on Cooper Tire & Rubber from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, May 1st. ValuEngine lowered Cooper Tire & Rubber from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. JPMorgan Chase & Co. decreased their target price on Cooper Tire & Rubber from $40.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, May 1st. Finally, Longbow Research lowered Cooper Tire & Rubber from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Tuesday, March 13th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. OppenheimerFunds Inc. grew its holdings in Cooper Tire & Rubber by 7.1% in the 4th quarter. OppenheimerFunds Inc. now owns 24,653 shares of the company’s stock valued at $872,000 after buying an additional 1,645 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Cooper Tire & Rubber by 5.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 44,481 shares of the company’s stock valued at $1,572,000 after buying an additional 2,346 shares in the last quarter. Capital Investment Counsel Inc grew its holdings in Cooper Tire & Rubber by 17.2% in the 4th quarter. Capital Investment Counsel Inc now owns 16,050 shares of the company’s stock valued at $567,000 after buying an additional 2,350 shares in the last quarter. Citigroup Inc. grew its holdings in Cooper Tire & Rubber by 28.8% in the 1st quarter. Citigroup Inc. now owns 12,748 shares of the company’s stock valued at $373,000 after buying an additional 2,849 shares in the last quarter. Finally, AMG Funds LLC grew its holdings in Cooper Tire & Rubber by 6.2% in the 1st quarter. AMG Funds LLC now owns 54,554 shares of the company’s stock valued at $1,598,000 after buying an additional 3,207 shares in the last quarter.

Cooper Tire & Rubber opened at $27.20 on Wednesday, Marketbeat reports. The company has a current ratio of 2.59, a quick ratio of 1.50 and a debt-to-equity ratio of 0.25. The company has a market cap of $1.38 billion, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46. Cooper Tire & Rubber has a 1-year low of $22.58 and a 1-year high of $40.78.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 1st will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, May 31st. Cooper Tire & Rubber’s dividend payout ratio is 13.55%.

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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