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

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$17.45 +0.05 (+0.29 %)
(As of 03/26/2019 06:23 AM ET)
Previous Close$17.40
Today's Range$17.30 - $17.52
52-Week Range$17.30 - $28.34
Volume2.46 million shs
Average Volume6.54 million shs
Market Capitalization$4.05 billion
P/E Ratio7.53
Dividend Yield3.68%
Beta1.52
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The company 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. It also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical and natural rubber products; and provides automotive and commercial truck maintenance and repair services, and miscellaneous other products and services. It operates approximately 1,100 tire and auto-service center outlets, which offer products for retail sale, and provides automotive repair and other services. The company sells its products worldwide 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

Price-To-Earnings

Sales & Book Value

Annual Sales$15.48 billion
Cash Flow$5.7973 per share
Book Value$21.76 per share

Profitability

Net Income$693 million

Miscellaneous

Employees64,000
Market Cap$4.05 billion
Next Earnings Date4/24/2019 (Estimated)
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 declared a quarterly dividend on Tuesday, January 15th. Investors 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 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Thursday, January 31st. This is a positive change 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 has authorized a share repurchase plan on Thursday, April 6th 2017, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 11.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

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

Goodyear Tire & Rubber Co (NASDAQ:GT) announced its quarterly earnings data on Friday, February, 8th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.60 by $0.09. The firm earned $3.88 billion during the quarter, compared to analysts' expectations of $4.04 billion. Goodyear Tire & Rubber had a net margin of 4.48% and a return on equity of 11.17%. The firm's quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 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 Wednesday, April 24th 2019. View Earnings Estimates for Goodyear Tire & Rubber.

What price target have analysts set for GT?

12 equities research analysts have issued twelve-month price targets for Goodyear Tire & Rubber's stock. Their forecasts range from $14.00 to $36.00. On average, they expect Goodyear Tire & Rubber's share price to reach $23.50 in the next year. This suggests a possible upside of 34.7% 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 2 sell ratings, 6 hold ratings and 4 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, "Of late, the Zacks Consensus Estimate for Goodyear’s fourth-quarter and 2018 earnings has been moving down. The company has been struggling with softening market conditions in China, economic volatility in Brazil and rise in raw material costs includes carbon black and synthetic rubber are concerns for Goodyear. Further, unfavorable foreign currency translation is another headwind for the tire supplier. In fact, the headwinds have compelled the company to lower its 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. The company will release its fourth-quarter 2018 earnings on Feb 8." (2/5/2019)
  • 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?

Media coverage about GT stock has trended somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Goodyear Tire & Rubber earned a news sentiment score of 0.8 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days.

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

What other stocks do shareholders of Goodyear Tire & Rubber own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Goodyear Tire & Rubber investors own include General Electric (GE), AT&T (T), Ford Motor (F), Johnson & Johnson (JNJ), Bank of America (BAC), NVIDIA (NVDA), The Coca-Cola (KO), Altria Group (MO), Exxon Mobil (XOM) and Intel (INTC).

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. Darren R. Wells, Exec. VP & CFO (Age 53)
  • Mr. David L. Bialosky, Sr. VP, Gen. Counsel & Sec. (Age 61)
  • Ms. Laura K. Thompson, Exec. VP (Age 55)
  • Mr. Stephen R. McClellan, Pres of Americas (Age 53)

Who are Goodyear Tire & Rubber's major shareholders?

Goodyear Tire & Rubber's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.16%), LSV Asset Management (4.81%), Dimensional Fund Advisors LP (2.99%), Sound Shore Management Inc. CT (2.70%), Diamond Hill Capital Management Inc. (2.50%) and Bank of New York Mellon Corp (2.21%). Company insiders that own Goodyear Tire & Rubber stock include Jean Claude Kihn, Stephen R Mcclellan and Werner Geissler. 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 Diamond Hill Capital Management Inc., Brandywine Global Investment Management LLC, Sound Shore Management Inc. CT, Ontario Teachers Pension Plan Board, BlackRock Inc., Levin Capital Strategies L.P., Moon Capital Management LP and Retirement Systems of Alabama. 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 Oregon Public Employees Retirement Fund, Norges Bank, Millennium Management LLC, Bank of Montreal Can, Bank of New York Mellon Corp, Two Sigma Advisers LP, Precision Path Capital LP and Dimensional Fund Advisors LP. 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 $17.45.

How big of a company is Goodyear Tire & Rubber?

Goodyear Tire & Rubber has a market capitalization of $4.05 billion and generates $15.48 billion in revenue each year. The company earns $693 million in net income (profit) each year or $2.32 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:  2.9 out of 5 (star star)
Outperform Votes:  463 (Vote Outperform)
Underperform Votes:  333 (Vote Underperform)
Total Votes:  796
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 3/26/2019 by MarketBeat.com Staff

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