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
Current SymbolNASDAQ:GT
Previous Symbol
CUSIP38255010
Phone330-796-2121
Debt
Debt-to-Equity Ratio1.12
Current Ratio1.34
Quick Ratio0.76
Price-To-Earnings
Trailing P/E Ratio6.66
Forward P/E Ratio8.21
P/E GrowthN/A
Sales & Book Value
Annual Sales$15.38 billion
Price / Sales0.31
Cash Flow$6.4534 per share
Price / Cash Flow3.22
Book Value$19.69 per share
Price / Book1.06
Profitability
EPS (Most Recent Fiscal Year)$3.12
Net Income$346 million
Net Margins3.11%
Return on Equity13.84%
Return on Assets3.91%
Miscellaneous
Employees64,000
Outstanding Shares233,010,000
Market Cap$4.84 billion
OptionableOptionable
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 paid a dividend of $0.14 per share on Monday, December 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, October 31st. View Goodyear Tire & Rubber's Dividend History.
How will Goodyear Tire & Rubber's stock buyback program work?
Goodyear Tire & Rubber declared that its board has approved a share buyback plan on Thursday, April 6th 2017, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 11.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.
How were Goodyear Tire & Rubber's earnings last quarter?
Goodyear Tire & Rubber Co (NASDAQ:GT) issued its quarterly earnings data on Friday, October, 26th. The company reported $0.68 EPS for the quarter, missing the Zacks' consensus estimate of $0.76 by $0.08. The company earned $3.93 billion during the quarter, compared to analysts' expectations of $3.95 billion. Goodyear Tire & Rubber had a net margin of 3.11% and a return on equity of 13.84%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous 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?
12 equities research analysts have issued 1-year price objectives for Goodyear Tire & Rubber's stock. Their predictions range from $21.00 to $36.00. On average, they expect Goodyear Tire & Rubber's share price to reach $25.4286 in the next twelve months. This suggests a possible upside of 22.4% from the stock's current price. View Analyst Price Targets for Goodyear Tire & Rubber.
What is the consensus analysts' recommendation for Goodyear Tire & Rubber?
12 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 5 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. According to Zacks Investment Research, "Goodyear has lowered its operating income guidance due to softening market conditions in China, economic volatility in Brazil, rise in raw material costs and unfavorable foreign currency translation. Further, the company is presently witnessing tightening credit conditions, impacting consumer original equipment and replacement demand in China. The company is also experiencing a year-over-year rise in Selling General & Administrative (SG&A) expenses. In the last six months, shares of Goodyear have underperformed the industry it belongs to." (11/19/2018)
- 2. 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)
Has Goodyear Tire & Rubber been receiving favorable news coverage?
Media coverage about GT stock has trended somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by analyzing 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 positive five, with scores nearest to five being the most favorable. Goodyear Tire & Rubber earned a news impact score of 1.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Are investors shorting Goodyear Tire & Rubber?
Goodyear Tire & Rubber saw a decrease in short interest during the month of November. As of November 30th, there was short interest totalling 13,686,999 shares, a decrease of 14.6% from the November 15th total of 16,020,845 shares. Based on an average daily trading volume, of 2,742,252 shares, the days-to-cover ratio is presently 5.0 days. Approximately 5.9% of the company's stock are sold short. 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 Ferrari (RACE), PEUGEOT SA/ADR (PUGOY), RENAULT S A/ADR (RNLSY), MICHELIN COMPAG/ADR (MGDDY), SUBARU CORP/ADR (FUJHY), GEELY AUTOMOBIL/ADR (GELYY), Magna International (MGA), Genuine Parts (GPC), CNH Industrial (CNHI), ISUZU MOTORS LT/ADR (ISUZY), AISIN SEIKI CO/ADR (ASEKY), WEICHAI PWR CO/ADR (WEICY), NIO (NIO), Lear (LEA) and Tata Motors (TTM).
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 variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.57%), Vanguard Group Inc (10.57%), BlackRock Inc. (7.48%), LSV Asset Management (4.87%), Lyrical Asset Management LP (3.54%) and Diamond Hill Capital Management Inc. (3.24%). 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 Franklin Resources Inc., Diamond Hill Capital Management Inc., Morgan Stanley, AQR Capital Management LLC, Point72 Asset Management L.P., Mitsubishi UFJ Trust & Banking Corp, BlackRock Inc. and Dimensional Fund Advisors LP. View Insider Buying and Selling for Goodyear Tire & Rubber.
Which major investors are buying Goodyear Tire & Rubber stock?
GT stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Sound Shore Management Inc. CT, Bank of Montreal Can, Levin Capital Strategies L.P., Lyrical Asset Management LP, Deutsche Bank AG, Towle & Co. and BlueMountain Capital Management LLC. 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 $20.78.
How big of a company is Goodyear Tire & Rubber?
Goodyear Tire & Rubber has a market capitalization of $4.84 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.
