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 3.91%. The ex-dividend date of this dividend is Thursday, October 31st. View Goodyear Tire & Rubber's Dividend History.

Goodyear Tire & Rubber Co (NASDAQ:GT) posted its earnings results on Friday, October, 25th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by $0.07. The company earned $3.80 billion during the quarter, compared to analysts' expectations of $3.92 billion. Goodyear Tire & Rubber had a return on equity of 6.50% and a net margin of 1.28%. The company's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business 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 Wall Street analysts have issued 12 month price targets for Goodyear Tire & Rubber's shares. 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 5.9%. 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 been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Goodyear Tire & Rubber earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Goodyear Tire & Rubber.

Goodyear Tire & Rubber saw a decrease in short interest in the month of October. As of October 31st, there was short interest totalling 10,950,000 shares, a decrease of 18.3% from the September 30th total of 13,400,000 shares. Based on an average daily trading volume, of 3,390,000 shares, the days-to-cover ratio is presently 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), BorgWarner (BWA), VALEO/S (VLEEY), ISUZU MOTORS LT/ADR (ISUZY), Dongfeng Motor Group (DNFGY), Tata Motors (TTM), Lear (LEA), Autoliv (ALV), Gentex (GNTX) and Yamaha Motor (YAMHF).

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), Johnson & Johnson (JNJ), Bank of America (BAC), The Coca-Cola (KO), Netflix (NFLX) and Micron Technology (MU).

Goodyear Tire & Rubber's stock is owned by a number of of retail and institutional investors. Top institutional shareholders 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 bought 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 $16.35.

Goodyear Tire & Rubber has a market capitalization of $3.80 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]