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Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
Sell every Stock except ONE (Ad)
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
Sell every Stock except ONE (Ad)
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
Sell every Stock except ONE (Ad)
High oil prices help Saudi Aramco earn $88B in first half
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Average US gasoline price falls 45 cents to $4.10 per gallon
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
NASDAQ:GT

Goodyear Tire & Rubber - GT Stock Forecast, Price & News

$15.19
+0.67 (+4.61%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$14.46
$15.20
50-Day Range
$10.49
$15.19
52-Week Range
$10.33
$24.89
Volume
6.52 million shs
Average Volume
4.31 million shs
Market Capitalization
$4.30 billion
P/E Ratio
4.60
Dividend Yield
N/A
Price Target
$17.19

Goodyear Tire & Rubber MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
13.1% Upside
$17.19 Price Target
Short Interest
Healthy
5.68% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.54mentions of Goodyear Tire & Rubber in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
29.58%
From $2.13 to $2.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Auto/Tires/Trucks Sector

38th out of 110 stocks

Tires & Inner Tubes Industry

1st out of 1 stocks

GT stock logo

About Goodyear Tire & Rubber (NASDAQ:GT) Stock

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 tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving equipment, and mining and industrial equipment under the Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft, Roadmaster, and various other 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; 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 1,000 retail outlets, which offer products for retail sale, and provides 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 incorporated in 1898 and is headquartered in Akron, Ohio.

Goodyear Tire & Rubber Price Performance

Shares of Goodyear Tire & Rubber stock traded up $0.67 during trading on Friday, hitting $15.19. 6,520,717 shares of the company's stock traded hands, compared to its average volume of 4,309,719. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.30 and a quick ratio of 0.68. The firm's fifty day moving average price is $11.87 and its 200 day moving average price is $13.60. Goodyear Tire & Rubber has a twelve month low of $10.33 and a twelve month high of $24.89. The company has a market cap of $4.30 billion, a PE ratio of 4.60 and a beta of 1.88.

Goodyear Tire & Rubber (NASDAQ:GT - Get Rating) last issued its earnings results on Friday, August 5th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. Goodyear Tire & Rubber had a net margin of 4.71% and a return on equity of 11.87%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.98 billion. During the same period in the previous year, the business earned $0.32 EPS. The firm's revenue was up 31.0% on a year-over-year basis. Analysts forecast that Goodyear Tire & Rubber will post 2.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GT shares. StockNews.com raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research note on Thursday, July 28th. TheStreet lowered shares of Goodyear Tire & Rubber from a "b-" rating to a "c" rating in a research note on Wednesday, May 18th. Citigroup reduced their price objective on shares of Goodyear Tire & Rubber from $19.00 to $15.00 in a research note on Monday, May 16th. Nomura raised shares of Goodyear Tire & Rubber from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $15.00 to $15.30 in a research note on Tuesday, May 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating and dropped their target price for the stock from $19.00 to $15.00 in a report on Monday, July 18th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.19.

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GT Stock News Headlines

Company News for Aug 8, 2022
Goodyear (GT) Q2 Earnings and Revenues Top Estimates
Goodyear Tire & Rubber Q2 Earnings Surpass Street View
Goodyear Tire: An Illusory Bargain
Expert Ratings for Goodyear Tire & Rubber
Goodyear Tire & Rubber Co - Stock Financials GT
After sale, Downtown Goodyear site to become housing
See More Headlines
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GT Company Calendar

Last Earnings
8/05/2022
Today
8/14/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Tires & inner tubes
Sub-Industry
Tires & Rubber
CUSIP
38255010
Employees
72,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.19
High Stock Price Forecast
$23.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+13.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$764 million
Pretax Margin
3.82%

Debt

Sales & Book Value

Annual Sales
$17.48 billion
Cash Flow
$5.54 per share
Book Value
$18.91 per share

Miscellaneous

Free Float
279,409,000
Market Cap
$4.30 billion
Optionable
Optionable
Beta
1.88

Key Executives

  • Mr. Richard J. Kramer (Age 58)
    Chairman, CEO & Pres
    Comp: $10.53M
  • Mr. Darren R. Wells (Age 56)
    Exec. VP & CFO
    Comp: $3.78M
  • Mr. Stephen R. McClellan (Age 56)
    Pres of Americas
    Comp: $3.51M
  • Mr. Ryan G. Patterson (Age 48)
    Sr. VP & Chief Operating and Integration Officer - Americas
    Comp: $2.43M
  • Mr. Christopher Raymond Delaney (Age 61)
    Pres of Europe, Middle East & Africa
    Comp: $3.35M
  • Mr. Christopher P. Helsel (Age 57)
    Sr. VP of Global Operations & CTO
  • Mr. Christian Gadzinski
    Sr. Director of Investor Relations
  • Mr. David E. Phillips Esq. (Age 46)
    Sr. VP & Gen. Counsel
  • Ms. Laura P. Duda (Age 52)
    Sr. VP & Chief Communications Officer
  • Mr. Mike Dwyer
    Chief Marketing Officer













GT Stock - Frequently Asked Questions

Should I buy or sell Goodyear Tire & Rubber stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" GT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GT, but not buy additional shares or sell existing shares.
View GT analyst ratings
or view top-rated stocks.

What is Goodyear Tire & Rubber's stock price forecast for 2022?

8 equities research analysts have issued twelve-month target prices for Goodyear Tire & Rubber's shares. Their GT share price forecasts range from $15.00 to $23.00. On average, they anticipate the company's share price to reach $17.19 in the next twelve months. This suggests a possible upside of 13.1% from the stock's current price.
View analysts price targets for GT
or view top-rated stocks among Wall Street analysts.

How have GT shares performed in 2022?

Goodyear Tire & Rubber's stock was trading at $21.32 on January 1st, 2022. Since then, GT shares have decreased by 28.8% and is now trading at $15.19.
View the best growth stocks for 2022 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our GT earnings forecast
.

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

The Goodyear Tire & Rubber Company (NASDAQ:GT) announced its quarterly earnings results on Friday, August, 5th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The firm earned $5.21 billion during the quarter, compared to the consensus estimate of $4.98 billion. Goodyear Tire & Rubber had a trailing twelve-month return on equity of 11.87% and a net margin of 4.71%. The business's revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS.

What is Richard J. (Rich) Kramer's approval rating as Goodyear Tire & Rubber's CEO?

524 employees have rated Goodyear Tire & Rubber Chief Executive Officer Richard J. (Rich) Kramer on Glassdoor.com. Richard J. (Rich) Kramer has an approval rating of 74% among the company's employees.

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 AT&T (T), General Electric (GE), Ford Motor (F), Intel (INTC), Pfizer (PFE), Wells Fargo & Company (WFC), Bank of America (BAC), Johnson & Johnson (JNJ), Altria Group (MO) and General Motors (GM).

What is Goodyear Tire & Rubber's stock symbol?

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

Who are Goodyear Tire & Rubber's major shareholders?

Goodyear Tire & Rubber's stock is owned by a variety of retail and institutional investors. Top institutional investors include Northern Trust Corp (1.33%), Newport Trust Co (1.24%), Clearbridge Investments LLC (1.13%), Russell Investments Group Ltd. (0.94%), Victory Capital Management Inc. (0.66%) and IPG Investment Advisors LLC (0.65%). Insiders that own company stock include Richard J Kramer and Stephen R Mcclellan.
View institutional ownership trends
.

How do I buy shares of Goodyear Tire & Rubber?

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

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

One share of GT stock can currently be purchased for approximately $15.19.

How much money does Goodyear Tire & Rubber make?

Goodyear Tire & Rubber (NASDAQ:GT) has a market capitalization of $4.30 billion and generates $17.48 billion in revenue each year. The company earns $764 million in net income (profit) each year or $3.30 on an earnings per share basis.

How many employees does Goodyear Tire & Rubber have?

The company employs 72,000 workers across the globe.

How can I contact Goodyear Tire & Rubber?

Goodyear Tire & Rubber's mailing address is 200 INNOVATION WAY, AKRON OH, 44316. The official website for the company is www.goodyear.com. The company can be reached via phone at (330) 796-2121, via email at goodyear.investor.relations@goodyear.com, or via fax at 330-796-2222.

This page (NASDAQ:GT) was last updated on 8/14/2022 by MarketBeat.com Staff

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