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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Tires & inner tubes
Sub-IndustryTires & Rubber
SectorAuto/Tires/Trucks
SymbolNASDAQ:GT
CUSIP38255010
Phone330-796-2121
Debt
Debt-to-Equity Ratio1.18
Current Ratio1.36
Quick Ratio0.75
Price-To-Earnings
Trailing P/E Ratio7.19
Forward P/E Ratio7.04
P/E GrowthN/A
Sales & Book Value
Annual Sales$15.38 billion
Price / Sales0.31
Cash Flow$6.4554 per share
Price / Cash3.14
Book Value$19.69 per share
Price / Book1.03
Profitability
EPS (Most Recent Fiscal Year)$3.12
Net Income$346 million
Net Margins1.69%
Return on Equity14.04%
Return on Assets3.97%
Miscellaneous
Employees64,000
Outstanding Shares237,020,000
Market Cap$4.80 billion
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 Wednesday, October 10th. Stockholders of record on Thursday, November 1st will be given a dividend of $0.14 per share on Monday, December 3rd. This represents a $0.56 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Wednesday, October 31st. 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 initiated a share repurchase program on Thursday, April 6th 2017, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 11.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.
How were Goodyear Tire & Rubber's earnings last quarter?
Goodyear Tire & Rubber Co (NASDAQ:GT) announced its earnings results on Friday, July, 27th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.56 by $0.06. The firm had revenue of $3.84 billion for the quarter, compared to analysts' expectations of $3.85 billion. Goodyear Tire & Rubber had a return on equity of 14.04% and a net margin of 1.69%. Goodyear Tire & Rubber's revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS. View Goodyear Tire & Rubber's Earnings History.
When is Goodyear Tire & Rubber's next earnings date?
How can I listen to Goodyear Tire & Rubber's earnings call?
Goodyear Tire & Rubber will be holding an earnings conference call on Friday, October 26th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8669528559.
What price target have analysts set for GT?
11 analysts have issued 1 year price targets for Goodyear Tire & Rubber's stock. Their forecasts range from $21.00 to $36.00. On average, they anticipate Goodyear Tire & Rubber's stock price to reach $26.7143 in the next twelve months. This suggests a possible upside of 31.8% from the stock's current price. View Analyst Price Targets for Goodyear Tire & Rubber.
What is the consensus analysts' recommendation for Goodyear Tire & Rubber?
11 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 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. 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)
- 2. According to Zacks Investment Research, "Goodyear is anticipated to benefit from the establishment of TireHub with Bridgestone, allowing the former to operate more closely with customers and providing an improved brand experience. For fiscal 2018, the company has provided a positive outlook primarily due to improved volume sales in the United States & Europe, increased sales in other tire-related businesses and enhanced price mix. Further, a strengthening balance sheet enables the company to boost shareholder value by paying regular dividends and repurchasing common shares." (7/11/2018)
Who are some of Goodyear Tire & Rubber's key competitors?
Some companies that are related to Goodyear Tire & Rubber include MICHELIN COMPAG/ADR (MGDDY), Magna International (MGA), GEELY AUTOMOBIL/ADR (GELYY), Genuine Parts (GPC), CNH Industrial (CNHI), AISIN SEIKI Co/ADR (ASEKY), ISUZU MOTORS Lt/ADR (ISUZY), GKN PLC/S (GKNLY), Lear (LEA), LKQ (LKQ), Yamaha Motor (YAMHF), VALEO/S (VLEEY), WEICHAI Pwr Co/ADR (WEICY), Tata Motors (TTM) and BorgWarner (BWA).
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 54)
- Mr. David L. Bialosky, Sr. VP, Gen. Counsel & Sec. (Age 60)
- Mr. Stephen R. McClellan, Pres of Americas (Age 52)
- Mr. Christopher Raymond Delaney, Pres of Europe, Middle East & Africa Bus. Unit (Age 57)
- Ms. Laura K. Thompson, Exec. VP (Age 54)
Who are Goodyear Tire & Rubber's major shareholders?
Goodyear Tire & Rubber's stock is owned by a number of of retail and institutional investors. Top institutional investors include Bank of Montreal Can (0.45%), Wilsey Asset Management Inc. (0.16%), Strs Ohio (0.12%), Andra AP fonden (0.10%), Cornerstone Wealth Management LLC (0.08%) and State of New Jersey Common Pension Fund D (0.05%). 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 major investors are selling Goodyear Tire & Rubber stock?
GT stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Salem Capital Management Inc., BLB&B Advisors LLC, Andra AP fonden, BB&T Corp and Advisors Capital Management LLC. View Insider Buying and Selling for Goodyear Tire & Rubber.
Which major investors are buying Goodyear Tire & Rubber stock?
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 $20.27.
How big of a company is Goodyear Tire & Rubber?
Goodyear Tire & Rubber has a market capitalization of $4.80 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?
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)
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.
