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Published: Sat, February 25, 2017
Economy | By Melissa Porter

The Cooper Tire & Rubber Company (CTB) Announces Earnings Results


FBR & Co analyst C. Horn now expects that the brokerage will earn $0.66 per share for the quarter, down from their prior estimate of $0.87. Current year estimate on EPS consensus is $4.03.

The share price of Cooper Tire & Rubber Company (NYSE:CTB) was up +0.48% during the last trading session, with a day high of 42.38. The company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.34. The business earned $783.89 million during the quarter, compared to analysts' expectations of $767.36 million.

11/16/2016 - Cooper Tire & Rubber Company had its "overweight" rating reiterated by analysts at KeyBanc. Advisory Services Network LLC now owns 7,010 shares of the company's stock valued at $267,000 after buying an additional 23 shares during the last quarter. If you are accessing this piece of content on another site, it was stolen and republished in violation of United States and worldwide copyright and trademark laws. The correct version of this story can be accessed at https://baseballnewssource.com/markets/q1-2017-eps-estimates-for-cooper-tire-rubber-co-ctb-lowered-by-fbr-co/460534.html. The average numbers of shares are traded in a security per day, during the recent 3-month period. Zacks Investment Research cut shares of Cooper Tire & Rubber Co from a "hold" rating to a "sell" rating in a research report on Tuesday, January 10th.

Many research firms have provided their ratings on The Goodyear Tire & Rubber Company (NASDAQ:GT) where Jefferies provided Buy rating on the stock on 29-Nov-16.

Stock market analysts and brokers have recently amended their target prices on shares of Cooper Tire & Rubber Company (NYSE:CTB). Breaking those down we see that the ratings are as follows: 3 Strong Buy, 0 Rated Buy, 3 Rated Hold and 0 Rated Sell. The company has a consensus rating of "Hold" and a consensus target price of $39.30. Cooper Tire & Rubber Company (NYSE:CTB) most recently posted actual quarterly EPS of $1.28 compared to the Zacks Research consensus estimate of $0.93. The firm has a 50 day moving average price of $36.70 and a 200 day moving average price of $36.27.

Shares of Cooper Tire & Rubber Company closed the previous trading session at 40.90 up +0.30 0.74% with 1,138,244 shares trading hands.

In The Goodyear Tire & Rubber Company (NASDAQ:GT)'s latest quarter, EPS moved to $0.95 from $1.17 in preceding quarter and revenues reached at $3,741.00M compared to $3,847.00M. Stifel Financial Corp raised its stake in shares of Cooper Tire & Rubber Company by 1.3% in the second quarter. Stifel Financial Corp now owns 7,754 shares of the company's stock valued at $232,000 after buying an additional 102 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Cooper Tire & Rubber Company by 2.1% in the fourth quarter. Martingale Asset Management L P now owns 44,789 shares of the company's stock valued at $1,336,000 after buying an additional 332 shares during the last quarter. Kernodle & Katon Asset Management Group LLC purchased a new position in Cooper Tire & Rubber Co during the third quarter worth $172,000. Finally, Acrospire Investment Management LLC raised its stake in shares of Cooper Tire & Rubber Co by 34.3% in the third quarter. For Dividend Investing Stock Market Traders The Goodyear Tire & Rubber Company has a Dividend Yield of 1.1% with an Annual Dividend of $0.4. Institutional investors and hedge funds own 90.09% of the company's stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, March 2nd will be issued a $0.105 dividend.

On 10/29/2015 Cooper Tire & Rubber Company announced a quarterly dividend of $0.11 1.01% with an ex dividend date of 12/1/2015 which will be payable on 12/29/2015.

10/06/2016 - The Goodyear Tire & Rubber Company had its " rating reiterated by analysts at Goldman Sachs. The company manufactures tires, engineered rubber products and chemicals in facilities in numerous countries. The Europe, the Middle East and Africa (EMEA) segment develops, manufactures, distributes and sells tires for automobiles, trucks, buses, aircraft, motorcycles, and earthmoving, mining and industrial equipment throughout EMEA under the Goodyear, Dunlop, Debica, Sava and Fulda brands.

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