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 Ratio7.66
Forward P/E Ratio8.28
P/E GrowthN/A
Sales & Book Value
Annual Sales$15.38 billion
Price / Sales0.37
Cash Flow$6.2737 per share
Price / Cash3.80
Book Value$19.69 per share
Price / Book1.21
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$5.82 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 declared a quarterly dividend on Monday, July 16th. Investors of record on Wednesday, August 1st will be given a dividend of $0.14 per share on Tuesday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Tuesday, July 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 authorized a stock buyback program on Thursday, April 6th 2017, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 11.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.
How were Goodyear Tire & Rubber's earnings last quarter?
Goodyear Tire & Rubber Co (NASDAQ:GT) issued its quarterly earnings data on Friday, July, 27th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.06. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.85 billion. Goodyear Tire & Rubber had a net margin of 1.69% and a return on equity of 14.04%. Goodyear Tire & Rubber's revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.70 EPS. View Goodyear Tire & Rubber's Earnings History.
When is Goodyear Tire & Rubber's next earnings date?
What price target have analysts set for GT?
11 brokers have issued 12-month price objectives for Goodyear Tire & Rubber's stock. Their predictions range from $21.00 to $37.00. On average, they expect Goodyear Tire & Rubber's share price to reach $28.00 in the next year. This suggests a possible upside of 17.4% 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 SUBARU CORP/ADR (FUJHY), MICHELIN COMPAG/ADR (MGDDY), Magna International (MGA), GEELY AUTOMOBIL/ADR (GELYY), CNH Industrial (CNHI), Genuine Parts (GPC), ISUZU MOTORS Lt/ADR (ISUZY), AISIN SEIKI Co/ADR (ASEKY), Tata Motors (TTM), VALEO/S (VLEEY), Lear (LEA), LKQ (LKQ), WEICHAI Pwr Co/ADR (WEICY), GKN PLC/S (GKNLY) 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)
- Ms. Laura K. Thompson, CFO & Exec. VP (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)
Who are Goodyear Tire & Rubber's major shareholders?
Goodyear Tire & Rubber's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.44%), LSV Asset Management (4.79%), Diamond Hill Capital Management Inc. (3.47%), Dimensional Fund Advisors LP (2.91%), Sound Shore Management Inc. CT (2.45%) and Levin Capital Strategies L.P. (1.58%). 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 institutional investors are selling Goodyear Tire & Rubber stock?
GT stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Bank of New York Mellon Corp, Massachusetts Financial Services Co. MA, Morgan Stanley, Public Employees Retirement Association of Colorado, FMR LLC, Schroder Investment Management Group and Schroder Investment Management Group. View Insider Buying and Selling for Goodyear Tire & Rubber.
Which institutional investors are buying Goodyear Tire & Rubber stock?
GT stock was bought by a variety of institutional investors in the last quarter, including Levin Capital Strategies L.P., Sound Shore Management Inc. CT, Russell Investments Group Ltd., Diamond Hill Capital Management Inc., Portolan Capital Management LLC, Canada Pension Plan Investment Board, Towle & Co. and Dimensional Fund Advisors LP. View Insider Buying and Selling 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, 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 $23.84.
How big of a company is Goodyear Tire & Rubber?
Goodyear Tire & Rubber has a market capitalization of $5.82 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.
