A number of other institutional investors also recently made changes to their positions in GT. Financial Architects Inc raised its position in The Goodyear Tire & Rubber by 2.2% in the second quarter. Comparatively, GT posted earnings of $1.17 per share in the same quarter, a year earlier. Hotchkis & Wiley Capital Management LLC increased its position in The Goodyear Tire & Rubber by 79.6% in the first quarter.
Receive The Goodyear Tire & Rubber Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goodyear Tire & Rubber Company with MarketBeat.com's FREE daily email newsletter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of The Goodyear Tire & Rubber during the fourth quarter worth $261,000. Pacer Advisors Inc. now owns 5,426 shares of the company's stock valued at $195,000 after buying an additional 167 shares during the last quarter. Pioneer Investment Management Inc. now owns 1,448,785 shares of the company's stock worth $52,156,000 after buying an additional 10,572 shares during the last quarter. Bowling Portfolio Management LLC now owns 39,321 shares valued at $1,419,000.
By historical standards, The Goodyear Tire & Rubber Company (NASDAQ:GT) remains a cheap stock.
Analysts on average have given a price target of $41.11 to The Goodyear Tire & Rubber Company (GT) stock. As per Thursday, April 7, the company rating was upgraded by KeyBanc Capital Markets.
The Goodyear Tire & Rubber (NASDAQ:GT) last issued its quarterly earnings results on Friday, July 28th. Net profit for the quarter to June 30 fell to $147 million, or 58 cents a share, from $202 million, or 75 cents a share, in the same period a year ago.
The Goodyear Tire & Rubber Company (GT)'s ROE is 28.2%, while industry's is 8.67%.
6 analysts on average are expecting the company to report revenue of $4.08 Billion for the current quarter. The company's revenue was down 1.0% compared to the same quarter past year. Analysts forecast that The Goodyear Tire & Rubber Company will post $3.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. This dividend's record date is Aug 1, 2017 and the announcement date is Jul 14, 2017. The dividend was $0.105 per share for the quarter or $0.42 annualized. Zpr Investment has invested 2.76% in Cooper Tire & Rubber Co (NYSE:CTB). "Boosts Stake in Cooper Tire & Rubber Company (CTB)" was originally reported by Stock Observer and is owned by of Stock Observer. If you are reading this piece of content on another publication, it was stolen and republished in violation of US and worldwide copyright law. The correct version of this report can be read at https://transcriptdaily.com/2017/07/28/the-goodyear-tire-rubber-company-nasdaqgt-shares-bought-by-clear-harbor-asset-management-llc.html. However, the company's most recent quarter decrease of -1% looks unattractive. Finally, BidaskClub upgraded shares of Cooper Tire & Rubber from a "sell" rating to a "hold" rating in a research report on Wednesday, July 19th. Guggenheim began coverage on shares of The Goodyear Tire & Rubber in a research note on Wednesday, June 21st.
11/22/2016 - Berenberg Bank began new coverage on The Goodyear Tire & Rubber Company giving the company a "buy" rating. As of the end of the quarter Bessemer Group Inc had disposed of 13,325 shares trimming its holdings by 82.5%. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. GT's current price-earnings ratio amounts to 7.43 times earnings, below the average P/E ratio of 28.53 times earnings.
In other news, insider Stephen R. Mcclellan sold 6,250 shares of The Goodyear Tire & Rubber stock in a transaction on Monday, July 10th. The shares were sold at an average price of $35.29, for a total value of $220,562.50. Following the transaction, the insider now directly owns 71,849 shares in the company, valued at $2,547,765.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 18,750 shares of company stock valued at $662,938. Kcg Holding Incorporated has 0.02% invested in Goodyear Tire & Rubber Co (NASDAQ:GT). The Firm operates through three divisions. The Americas segment develops, makes, distributes and sells tires and related services and products in North, Central and South America, and sells tires to various export markets.