The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) - Stock analysts at Zacks Research lowered their Q1 2027 earnings per share (EPS) estimates for shares of Goodyear Tire & Rubber in a research note issued to investors on Thursday, June 19th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $0.46 for the quarter, down from their previous estimate of $0.49. The consensus estimate for Goodyear Tire & Rubber's current full-year earnings is $1.50 per share. Zacks Research also issued estimates for Goodyear Tire & Rubber's FY2027 earnings at $2.16 EPS.
Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. The business had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.41 billion. Goodyear Tire & Rubber had a return on equity of 5.31% and a net margin of 1.30%. The company's quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS.
Several other brokerages have also recently commented on GT. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $17.00 target price (down previously from $18.00) on shares of Goodyear Tire & Rubber in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft raised Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 price objective for the company in a research report on Monday, March 31st. TD Cowen began coverage on Goodyear Tire & Rubber in a research report on Friday, March 7th. They set a "buy" rating and a $14.00 price objective for the company. BNP Paribas raised Goodyear Tire & Rubber from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 9th. Finally, Wall Street Zen cut Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research report on Saturday, May 10th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $14.20.
Check Out Our Latest Stock Report on GT
Goodyear Tire & Rubber Stock Performance
Shares of Goodyear Tire & Rubber stock opened at $10.24 on Monday. The stock has a market cap of $2.93 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.29 and a beta of 1.40. The business has a fifty day simple moving average of $10.83 and a 200-day simple moving average of $9.76. The company has a quick ratio of 0.64, a current ratio of 1.22 and a debt-to-equity ratio of 1.44. Goodyear Tire & Rubber has a 12 month low of $7.27 and a 12 month high of $12.58.
Hedge Funds Weigh In On Goodyear Tire & Rubber
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of Goodyear Tire & Rubber by 11.7% in the 1st quarter. American Century Companies Inc. now owns 10,786,387 shares of the company's stock valued at $99,666,000 after purchasing an additional 1,134,058 shares during the period. Victory Capital Management Inc. grew its stake in shares of Goodyear Tire & Rubber by 1.9% in the 1st quarter. Victory Capital Management Inc. now owns 5,247,677 shares of the company's stock valued at $48,489,000 after purchasing an additional 99,933 shares during the period. Norges Bank bought a new stake in shares of Goodyear Tire & Rubber in the 4th quarter valued at approximately $39,626,000. Northern Trust Corp grew its stake in shares of Goodyear Tire & Rubber by 17.0% in the 4th quarter. Northern Trust Corp now owns 3,941,378 shares of the company's stock valued at $35,472,000 after purchasing an additional 573,541 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Goodyear Tire & Rubber by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,801,118 shares of the company's stock valued at $35,122,000 after purchasing an additional 62,499 shares during the period. 84.19% of the stock is currently owned by institutional investors.
About Goodyear Tire & Rubber
(
Get Free Report)
Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.
Further Reading
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