Cooper Tire & Rubber Co (NYSE:CTB) – Investment analysts at Northcoast Research raised their Q2 2019 earnings per share estimates for shares of Cooper Tire & Rubber in a research report issued to clients and investors on Tuesday, April 30th, according to Zacks Investment Research. Northcoast Research analyst J. Healy now anticipates that the company will post earnings per share of $0.55 for the quarter, up from their previous forecast of $0.52. Northcoast Research also issued estimates for Cooper Tire & Rubber’s Q3 2019 earnings at $1.02 EPS.
Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). Cooper Tire & Rubber had a return on equity of 9.25% and a net margin of 2.66%. The business had revenue of $619.20 million for the quarter, compared to analysts’ expectations of $608.14 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. Cooper Tire & Rubber’s revenue for the quarter was up 2.9% compared to the same quarter last year.
CTB stock traded up $0.30 during midday trading on Thursday, hitting $29.33. 433,700 shares of the company’s stock were exchanged, compared to its average volume of 449,094. The company has a quick ratio of 1.15, a current ratio of 1.93 and a debt-to-equity ratio of 0.10. Cooper Tire & Rubber has a 12-month low of $23.27 and a 12-month high of $35.36. The company has a market capitalization of $1.44 billion, a PE ratio of 13.45 and a beta of 0.59.
Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in shares of Cooper Tire & Rubber in the 4th quarter valued at approximately $39,000. Captrust Financial Advisors bought a new stake in shares of Cooper Tire & Rubber in the 4th quarter valued at approximately $40,000. Quantamental Technologies LLC bought a new stake in shares of Cooper Tire & Rubber in the 1st quarter valued at approximately $42,000. KBC Group NV grew its stake in Cooper Tire & Rubber by 98.7% during 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 during the last quarter. Finally, Capital Investment Advisory Services LLC bought a new position in Cooper Tire & Rubber during the 4th quarter worth $63,000. Institutional investors and hedge funds own 99.55% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be issued a $0.105 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.43%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 19.27%.
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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