NASDAQ:GT - Goodyear Tire & Rubber Stock Price, News, & Analysis

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$19.00 -2.85 (-13.04 %)
(As of 01/16/2019 06:00 AM ET)
Previous Close$21.85
Today's Range$18.6701 - $22.00
52-Week Range$18.67 - $36.07
Volume22.88 million shs
Average Volume6.67 million shs
Market Capitalization$4.96 billion
P/E Ratio6.09
Dividend Yield3.01%
Beta1.64
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands. The company also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; manufactures and markets rubber-related chemicals; and provides automotive and commercial truck maintenance and repair services, and miscellaneous other products and services, as well as sells natural rubber products. In addition, it operates approximately 1,000 tire and auto service center outlets that offer products for retail sale. The company sells its products through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was founded in 1898 and is headquartered in Akron, Ohio.

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Industry, Sector and Symbol

Industry Tires & inner tubes
Sub-IndustryTires & Rubber
SectorAuto/Tires/Trucks
CUSIP38255010
Phone330-796-2121

Debt

Current Ratio1.34
Quick Ratio0.76

Price-To-Earnings

Sales & Book Value

Annual Sales$15.38 billion
Price / Sales0.29
Cash Flow$5.7751 per share
Price / Cash Flow3.29
Book Value$19.69 per share
Price / Book0.96

Profitability

Net Income$346 million
Net Margins3.11%
Return on Assets3.91%

Miscellaneous

Employees64,000
Market Cap$4.96 billion
OptionableOptionable

Goodyear Tire & Rubber (NASDAQ:GT) Frequently Asked Questions

What is Goodyear Tire & Rubber's stock symbol?

Goodyear Tire & Rubber trades on the NASDAQ under the ticker symbol "GT."

How often does Goodyear Tire & Rubber pay dividends? What is the dividend yield for Goodyear Tire & Rubber?

Goodyear Tire & Rubber announced a quarterly dividend on Tuesday, January 15th. Stockholders of record on Friday, February 1st will be given a dividend of $0.16 per share on Friday, March 1st. This represents a $0.64 annualized dividend and a dividend yield of 3.37%. This is an increase from Goodyear Tire & Rubber's previous quarterly dividend of $0.14. View Goodyear Tire & Rubber's Dividend History.

How will Goodyear Tire & Rubber's stock buyback program work?

Goodyear Tire & Rubber announced that its Board of Directors has authorized a share repurchase plan on Thursday, April 6th 2017, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 11.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

How were Goodyear Tire & Rubber's earnings last quarter?

Goodyear Tire & Rubber Co (NASDAQ:GT) released its quarterly earnings data on Friday, October, 26th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.76 by $0.08. The company earned $3.93 billion during the quarter, compared to the consensus estimate of $3.95 billion. Goodyear Tire & Rubber had a net margin of 3.11% and a return on equity of 13.84%. Goodyear Tire & Rubber's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 EPS. View Goodyear Tire & Rubber's Earnings History.

When is Goodyear Tire & Rubber's next earnings date?

Goodyear Tire & Rubber is scheduled to release their next quarterly earnings announcement on Thursday, February 14th 2019. View Earnings Estimates for Goodyear Tire & Rubber.

What price target have analysts set for GT?

12 analysts have issued 12 month target prices for Goodyear Tire & Rubber's stock. Their predictions range from $21.00 to $36.00. On average, they anticipate Goodyear Tire & Rubber's stock price to reach $25.4286 in the next twelve months. This suggests a possible upside of 33.8% from the stock's current price. View Analyst Price Targets for Goodyear Tire & Rubber.

What is the consensus analysts' recommendation for Goodyear Tire & Rubber?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last year. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Goodyear Tire & Rubber.

What are Wall Street analysts saying about Goodyear Tire & Rubber stock?

Here are some recent quotes from research analysts about Goodyear Tire & Rubber stock:
  • 1. According to Zacks Investment Research, "Goodyear is witnessing a growth in demand for bigger rim size tires in the United States and Europe, which contributes to the momentum in EMEA and Americas segment. In order to be at par with the rising demand, it announced to expand production hub at Slovenia in December. The factory will raise production targets of 17 to 19-inch replacement consumer tires. Further, Goodyear launches innovative products and services to remain competitive in the market and drive revenues. However, softening market conditions in China, economic volatility in Brazil, rise in raw material costs and unfavorable foreign currency translation has compelled it to lower segment operating income projection to roughly $1.3 billion from the previous estimates of $1.45-$1.5 billion. Over the past three months, shares of Goodyear have underperformed against its industry." (1/15/2019)
  • 2. Longbow Research analysts commented, "GT is trading at 6.6x FY2 EPS estimates, below the company’s 5-year average forward P/E of 7.7x. EV/EBITDA basis, GT trades at 4.9x, which compares to the company’s 5-year average of 4.9x." (8/13/2018)

Has Goodyear Tire & Rubber been receiving favorable news coverage?

News articles about GT stock have been trending negative this week, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Goodyear Tire & Rubber earned a coverage optimism score of -2.5 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the stock's share price in the next several days.

Who are some of Goodyear Tire & Rubber's key competitors?

Who are Goodyear Tire & Rubber's key executives?

Goodyear Tire & Rubber's management team includes the folowing people:
  • Mr. Richard J. Kramer, Chairman, CEO & Pres (Age 55)
  • Mr. David L. Bialosky, Sr. VP, Gen. Counsel & Sec. (Age 61)
  • Mr. Stephen R. McClellan, Pres of Americas (Age 53)
  • Mr. Christopher Raymond Delaney, Pres of Europe, Middle East & Africa Bus. Unit (Age 58)
  • Ms. Laura K. Thompson, Exec. VP (Age 55)

Who are Goodyear Tire & Rubber's major shareholders?

Goodyear Tire & Rubber's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Retirement Systems of Alabama (0.05%), Salem Capital Management Inc. (0.04%), State of Alaska Department of Revenue (0.02%), DNB Asset Management AS (0.01%), Cerebellum GP LLC (0.01%) and Louisiana State Employees Retirement System (0.01%). Company insiders that own Goodyear Tire & Rubber stock include Jean Claude Kihn, Richard J Noechel and Stephen R Mcclellan. View Institutional Ownership Trends for Goodyear Tire & Rubber.

Which institutional investors are selling Goodyear Tire & Rubber stock?

GT stock was sold by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Salem Capital Management Inc. and Louisiana State Employees Retirement System. View Insider Buying and Selling for Goodyear Tire & Rubber.

Which institutional investors are buying Goodyear Tire & Rubber stock?

GT stock was acquired by a variety of institutional investors in the last quarter, including Cerebellum GP LLC, DNB Asset Management AS and State of Alaska Department of Revenue. View Insider Buying and Selling for Goodyear Tire & Rubber.

How do I buy shares of Goodyear Tire & Rubber?

Shares of GT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Goodyear Tire & Rubber's stock price today?

One share of GT stock can currently be purchased for approximately $19.00.

How big of a company is Goodyear Tire & Rubber?

Goodyear Tire & Rubber has a market capitalization of $4.96 billion and generates $15.38 billion in revenue each year. The company earns $346 million in net income (profit) each year or $3.12 on an earnings per share basis. Goodyear Tire & Rubber employs 64,000 workers across the globe.

What is Goodyear Tire & Rubber's official website?

The official website for Goodyear Tire & Rubber is http://www.goodyear.com.

How can I contact Goodyear Tire & Rubber?

Goodyear Tire & Rubber's mailing address is 200 INNOVATION WAY, AKRON OH, 44316. The company can be reached via phone at 330-796-2121 or via email at [email protected]


MarketBeat Community Rating for Goodyear Tire & Rubber (NASDAQ GT)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  440 (Vote Outperform)
Underperform Votes:  303 (Vote Underperform)
Total Votes:  743
MarketBeat's community ratings are surveys of what our community members think about Goodyear Tire & Rubber and other stocks. Vote "Outperform" if you believe GT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/16/2019 by MarketBeat.com Staff

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