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

Goodyear Tire & Rubber's stock was trading at $7.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GT shares have decreased by 17.3% and is now trading at $5.92. View which stocks have been mosted impacted by Coronavirus.

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.

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.

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

Goodyear Tire & Rubber declared a quarterly dividend on Wednesday, January 15th. Investors 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 annualized dividend and a yield of 10.81%. The ex-dividend date of this dividend is Friday, January 31st. View Goodyear Tire & Rubber's dividend history.

10 Wall Street analysts have issued 12 month target prices for Goodyear Tire & Rubber's shares. Their forecasts range from $6.00 to $20.00. On average, they anticipate Goodyear Tire & Rubber's stock price to reach $12.40 in the next year. This suggests a possible upside of 109.4% from the stock's current price. View analysts' price targets for Goodyear Tire & Rubber.

News articles about GT stock have trended very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Goodyear Tire & Rubber earned a media sentiment score of -3.7 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news aboutGoodyear Tire & Rubber.

Goodyear Tire & Rubber saw a increase in short interest in the month of 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 daily volume of 6,753,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 8.5% of the shares of the company are short sold. View Goodyear Tire & Rubber's Current Options Chain.

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

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

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

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.

One share of GT stock can currently be purchased for approximately $5.92.

Goodyear Tire & Rubber has a market capitalization of $1.38 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.

The official website for Goodyear Tire & Rubber is http://www.goodyear.com/.

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]