NASDAQ:GTGoodyear Tire & Rubber Stock Price, Forecast & News

$7.69

+0.75 (+10.81 %)

(As of 04/9/2020 04:00 PM ET)

Add

Compare

Today's Range

$7.32

Now: $7.69▼

$7.83

50-Day Range

$4.57

MA: $7.66▼

$11.45

52-Week Range

$4.09

Now: $7.69▼

$20.70

Volume7.71 million shs

Average Volume5.92 million shs

Market Capitalization$1.79 billion

P/E RatioN/A

Dividend Yield9.22%

Beta2.04

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.

Beat the Market (BTM) Rank^™

4.1 Analyst's Opinion

Consensus Rating
Goodyear Tire & Rubber has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.40, Goodyear Tire & Rubber has a potential upside of 61.2% from its current price of $7.69.
Amount of Analyst Coverage
Goodyear Tire & Rubber has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.8 Community Rank

Outperform Votes
Goodyear Tire & Rubber has received 531 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Goodyear Tire & Rubber has received 419 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Goodyear Tire & Rubber has received 55.89% “outperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
Goodyear Tire & Rubber is a leading dividend payer. It pays a dividend yield of 9.22%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Goodyear Tire & Rubber has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Goodyear Tire & Rubber is 59.26 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Goodyear Tire & Rubber will have a dividend payout ratio of 53.78 % next year. This indicates that Goodyear Tire & Rubber will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Goodyear Tire & Rubber insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.40% of the stock of Goodyear Tire & Rubber is held by insiders.
Percentage Held by Institutions
82.41% of the stock of Goodyear Tire & Rubber is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Goodyear Tire & Rubber are expected to grow by 95.08% in the coming year, from $0.61 to $1.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Goodyear Tire & Rubber is -5.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Goodyear Tire & Rubber is -5.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Goodyear Tire & Rubber has a P/B Ratio of 0.39. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.91 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Tires & inner tubes

Sub-IndustryTires & Rubber

SectorAuto/Tires/Trucks

Current SymbolNASDAQ:GT

Previous Symbol

CUSIP38255010

CIK42582

Webhttp://www.goodyear.com/

Phone330-796-2121

Debt

Debt-to-Equity Ratio1.19

Current Ratio1.12

Quick Ratio0.58

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio12.61

P/E GrowthN/A

Sales & Book Value

Annual Sales$14.75 billion

Price / Sales0.12

Cash Flow$5.53 per share

Price / Cash Flow1.39

Book Value$19.54 per share

Price / Book0.39

Profitability

EPS (Most Recent Fiscal Year)$1.08

Net Income$-311,000,000.00

Net Margins-2.11%

Return on Equity5.15%

Return on Assets1.40%

Miscellaneous

Employees63,000

Outstanding Shares232,688,000

Market Cap$1.79 billion

Next Earnings Date4/24/2020 (Estimated)

OptionableOptionable

Receive GT News and Ratings via Email

Sign-up to receive the latest news and ratings for GT and its competitors with MarketBeat's FREE daily newsletter.

Goodyear Tire & Rubber (NASDAQ:GT) Frequently Asked Questions

How has Goodyear Tire & Rubber's stock been impacted by COVID-19 (Coronavirus)?

Goodyear Tire & Rubber's stock was trading at $7.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GT shares have increased by 7.4% and is now trading at $7.69. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Goodyear Tire & Rubber.

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

Goodyear Tire & Rubber is scheduled to release its next quarterly earnings announcement on Friday, April 24th 2020. View our earnings forecast for Goodyear Tire & Rubber.

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

Goodyear Tire & Rubber Co (NASDAQ:GT) posted its quarterly earnings data on Tuesday, February, 11th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.52 by $0.33. The firm earned $3.71 billion during the quarter, compared to analyst estimates of $3.88 billion. Goodyear Tire & Rubber had a positive return on equity of 5.15% and a negative net margin of 2.11%. Goodyear Tire & Rubber's quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share. View Goodyear Tire & Rubber's earnings history.

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, January 15th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.16 per share on Monday, March 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date is Friday, January 31st. View Goodyear Tire & Rubber's dividend history.

What price target have analysts set for GT?

10 Wall Street analysts have issued 12-month price targets for Goodyear Tire & Rubber's stock. Their forecasts range from $6.00 to $20.00. On average, they expect Goodyear Tire & Rubber's stock price to reach $12.40 in the next twelve months. This suggests a possible upside of 61.2% from the stock's current price. View analysts' price targets for Goodyear Tire & Rubber.

Has Goodyear Tire & Rubber been receiving favorable news coverage?

Media stories about GT stock have trended very negative on Thursday, InfoTrie reports. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. 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 impact score of -3.3 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutGoodyear Tire & Rubber.

Are investors shorting Goodyear Tire & Rubber?

Goodyear Tire & Rubber saw a increase in short interest in March. As of March 13th, there was short interest totaling 19,630,600 shares, an increase of 18.0% from the February 27th total of 16,630,000 shares. Based on an average trading volume of 6,753,000 shares, the short-interest ratio is currently 2.9 days. Currently, 8.5% of the company's stock are short sold. View Goodyear Tire & Rubber's Current Options Chain.

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

Some companies that are related to Goodyear Tire & Rubber include Gentex (GNTX), RENAULT S A/ADR (RNLSY), Lear (LEA), BorgWarner (BWA), Dongfeng Motor Group (DNFGY), ISUZU MOTORS LT/ADR (ISUZY), AUTO TRADER GRP/ADR (ATDRY), Yamaha Motor (YAMHF), Oshkosh (OSK), VALEO/S (VLEEY), Autoliv (ALV), Allison Transmission (ALSN), Brilliance China Automotive (BCAUY), IAA (IAA) and MAZDA MTR CORP/ADR (MZDAY).

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), General Motors (GM), Intel (INTC), Johnson & Johnson (JNJ), Bank of America (BAC), Altria Group (MO), Walt Disney (DIS) and Exxon Mobil (XOM).

Who are Goodyear Tire & Rubber's key executives?

Goodyear Tire & Rubber's management team includes the following 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)
Mr. Stephen R. McClellan, Pres of Americas (Age 53)
Mr. Christopher Raymond Delaney, Pres of Europe, Middle East & Africa (Age 58)

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 number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.02%). View institutional ownership trends for Goodyear Tire & Rubber.

Which major investors are buying Goodyear Tire & Rubber stock?

GT stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

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

One share of GT stock can currently be purchased for approximately $7.69.

How big of a company is Goodyear Tire & Rubber?

Goodyear Tire & Rubber has a market capitalization of $1.79 billion and generates $14.75 billion in revenue each year. The company earns $-311,000,000.00 in net income (profit) each year or $1.08 on an earnings per share basis. Goodyear Tire & Rubber employs 63,000 workers across the globe. View additional information about Goodyear Tire & Rubber.

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]

This page was last updated on 4/9/2020 by MarketBeat.com Staff