Goodyear Tire & Rubber Stock Price, Forecast & Analysis (NASDAQ:GT)

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

Goodyear Tire & Rubber announced a quarterly dividend on Tuesday, October 8th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.16 per share on Monday, December 2nd. This represents a $0.64 annualized dividend and a yield of 3.99%. The ex-dividend date is Thursday, October 31st. View Goodyear Tire & Rubber's Dividend History.

Goodyear Tire & Rubber Co (NASDAQ:GT) issued its quarterly earnings results on Friday, October, 25th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.07. The firm earned $3.80 billion during the quarter, compared to analyst estimates of $3.92 billion. Goodyear Tire & Rubber had a net margin of 1.28% and a return on equity of 6.50%. The firm's revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. View Goodyear Tire & Rubber's Earnings History.

Goodyear Tire & Rubber is scheduled to release their next quarterly earnings announcement on Friday, February 14th 2020. View Earnings Estimates for Goodyear Tire & Rubber.

10 brokers have issued 12-month target prices for Goodyear Tire & Rubber's stock. Their forecasts range from $10.00 to $25.00. On average, they expect Goodyear Tire & Rubber's share price to reach $15.38 in the next year. This suggests that the stock has a possible downside of 4.2%. View Analyst Price Targets for Goodyear Tire & Rubber.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Goodyear Tire & Rubber.

News coverage about GT stock has trended somewhat negative on Saturday, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Goodyear Tire & Rubber earned a media sentiment score of -1.1 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the company's share price in the near term. View News Stories for Goodyear Tire & Rubber.

Goodyear Tire & Rubber saw a drop in short interest in October. As of October 31st, there was short interest totalling 10,950,000 shares, a drop of 18.3% from the September 30th total of 13,400,000 shares. Based on an average trading volume of 3,390,000 shares, the short-interest ratio is currently 3.2 days. Currently, 4.7% of the shares of the company are short sold. View Goodyear Tire & Rubber's Current Options Chain.

Some companies that are related to Goodyear Tire & Rubber include Genuine Parts (GPC), CNH Industrial (CNHI), RENAULT S A/ADR (RNLSY), WEICHAI PWR CO/ADR (WEICY), LKQ (LKQ), AISIN SEIKI CO/ADR (ASEKY), VALEO/S (VLEEY), BorgWarner (BWA), ISUZU MOTORS LT/ADR (ISUZY), Dongfeng Motor Group (DNFGY), Tata Motors (TTM), Lear (LEA), Autoliv (ALV), Yamaha Motor (YAMHF) and Gentex (GNTX).

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

Goodyear Tire & Rubber's stock is owned by many different of retail and institutional investors. Top institutional investors include Newport Trust Co (1.45%), Letko Brosseau & Associates Inc. (1.02%), Russell Investments Group Ltd. (0.69%), First Trust Advisors LP (0.32%), Wilsey Asset Management Inc. (0.25%) and Rhumbline Advisers (0.24%). Company insiders that own Goodyear Tire & Rubber stock include Jean Claude Kihn and Werner Geissler. View Institutional Ownership Trends for Goodyear Tire & Rubber.

GT stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc., Letko Brosseau & Associates Inc., Boys Arnold & Co. Inc., Parkside Investments LLC, Wealth Advisors of Tampa Bay LLC, Nisa Investment Advisors LLC, Brookstone Capital Management and Robeco Institutional Asset Management B.V.. View Insider Buying and Selling for Goodyear Tire & Rubber.

GT stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State of New Jersey Common Pension Fund D, Newport Trust Co, Pacer Advisors Inc., Sumitomo Mitsui Trust Holdings Inc., Wilsey Asset Management Inc., State of Tennessee Treasury Department and Strs Ohio. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of GT stock can currently be purchased for approximately $16.05.

Goodyear Tire & Rubber has a market capitalization of $3.73 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.View Additional Information About Goodyear Tire & Rubber.

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

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]