About Goodyear Tire and Rubber (NASDAQ:GT)
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
Industry Tires & inner tubes
Sub-IndustryTires & Rubber
SectorAuto/Tires/Trucks
SymbolNASDAQ:GT
CUSIP38255010
Phone330-796-2121
Debt
Debt-to-Equity Ratio1.05%
Current Ratio1.21%
Quick Ratio0.66%
Price-To-Earnings
Trailing P/E Ratio8.65
Forward P/E Ratio7.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$15.38 billion
Price / Sales0.42
Cash Flow$6.4593 per share
Price / Cash4.18
Book Value$19.69 per share
Price / Book1.37
Profitability
EPS (Most Recent Fiscal Year)$3.12
Net Income$346 million
Net Margins2.25%
Return on Equity15.70%
Return on Assets4.52%
Miscellaneous
Employees64,000
Outstanding Shares240,480,000
Goodyear Tire and Rubber (NASDAQ:GT) Frequently Asked Questions
What is Goodyear Tire and Rubber's stock symbol?
Goodyear Tire and Rubber trades on the NASDAQ under the ticker symbol "GT."
How often does Goodyear Tire and Rubber pay dividends? What is the dividend yield for Goodyear Tire and Rubber?
Goodyear Tire and Rubber announced a quarterly dividend on Tuesday, April 10th. Investors of record on Tuesday, May 1st will be given a dividend of $0.14 per share on Friday, June 1st. This represents a $0.56 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Monday, April 30th. View Goodyear Tire and Rubber's Dividend History.
How will Goodyear Tire and Rubber's stock buyback program work?
Goodyear Tire and Rubber declared that its Board of Directors has initiated a stock buyback program on Thursday, April 6th 2017, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 11.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.
How were Goodyear Tire and Rubber's earnings last quarter?
Goodyear Tire and Rubber (NASDAQ:GT) announced its quarterly earnings results on Thursday, February, 8th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.23. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.96 billion. Goodyear Tire and Rubber had a net margin of 2.25% and a return on equity of 15.70%. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. View Goodyear Tire and Rubber's Earnings History.
When is Goodyear Tire and Rubber's next earnings date?
What price target have analysts set for GT?
10 Wall Street analysts have issued 12 month price objectives for Goodyear Tire and Rubber's shares. Their forecasts range from $29.00 to $40.00. On average, they expect Goodyear Tire and Rubber's share price to reach $35.8889 in the next twelve months. View Analyst Ratings for Goodyear Tire and Rubber.
Are investors shorting Goodyear Tire and Rubber?
Goodyear Tire and Rubber saw a decline in short interest in the month of March. As of March 15th, there was short interest totalling 14,502,236 shares, a decline of 13.4% from the February 28th total of 16,738,504 shares. Based on an average daily trading volume, of 2,872,759 shares, the short-interest ratio is currently 5.0 days. Approximately 6.1% of the shares of the stock are short sold.
Who are some of Goodyear Tire and Rubber's key competitors?
Some companies that are related to Goodyear Tire and Rubber include Genuine Parts (GPC), Isuzu Motors (ISUZY), Lear (LEA), LKQ (LKQ), BorgWarner (BWA), GKN (GKNLY), Yamaha Motor (YAMHF), Weichai Power (WEICY), Mazda Motor (MZDAY), Hino Motors (HINOY), WABCO (WBC), Harley-Davidson (HOG), Oshkosh (OSK), Gentex (GNTX) and Adient (ADNT).
Who are Goodyear Tire and Rubber's key executives?
Goodyear Tire and 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. John T. Lucas, Chief HR Officer & Sr. VP of Global HR (Age 58)
- Mr. Stephen R. McClellan, Pres of Americas (Age 52)
Has Goodyear Tire and Rubber been receiving favorable news coverage?
Headlines about GT stock have trended somewhat negative on Monday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Goodyear Tire and Rubber earned a media sentiment score of -0.06 on Accern's scale. They also gave media stories about the company an impact score of 44.77 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
How do I buy shares of Goodyear Tire and 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 and Rubber's stock price today?
One share of GT stock can currently be purchased for approximately $27.01.
How big of a company is Goodyear Tire and Rubber?
Goodyear Tire and Rubber has a market capitalization of $6.50 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 and Rubber employs 64,000 workers across the globe.
How can I contact Goodyear Tire and Rubber?
Goodyear Tire and 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 and Rubber (GT)
MarketBeat's community ratings are surveys of what our community members think about Goodyear Tire and 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.
Goodyear Tire and Rubber (NASDAQ:GT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
10 Wall Street analysts have issued ratings and price targets for Goodyear Tire and Rubber in the last 12 months. Their average twelve-month price target is $35.8889, suggesting that the stock has a possible upside of 32.92%. The high price target for GT is $40.00 and the low price target for GT is $29.00. There are currently 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.50 | 2.50 | 2.50 | 2.70 |
| Ratings Breakdown: | 0 Sell Rating(s)
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $35.8889 | $35.6667 | $37.7778 | $38.1111 |
| Price Target Upside: | 32.92% upside | 28.34% upside | 23.50% upside | 15.52% upside |
Goodyear Tire and Rubber (NASDAQ:GT) Consensus Price Target History
Goodyear Tire and Rubber (NASDAQ:GT) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
Goodyear Tire and Rubber (NASDAQ:GT) Dividend Information
Goodyear Tire and Rubber pays an annual dividend of $0.56 per share, with a dividend yield of 2.07%. GT's next quarterly dividend payment will be made on Friday, June 1. Goodyear Tire and Rubber pays out 17.95% of its earnings out as a dividend.
| Next Dividend: | 6/1/2018 |
| Annual Dividend: | $0.56 |
| Dividend Yield: | 2.07% |
| Payout Ratio: | 17.95% (Trailing 12 Months of Earnings)
15.56% (Based on This Year's Estimates)
12.70% (Based on Next Year's Estimates)
|
Goodyear Tire and Rubber (NASDAQ:GT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/10/2018 | quarterly | $0.14 | 2.03% | 4/30/2018 | 5/1/2018 | 6/1/2018 |
| 1/16/2018 | quarterly | $0.14 | 2.11% | 1/31/2018 | 2/1/2018 | 3/1/2018 |
| 10/11/2017 | quarterly | $0.14 | 1.71% | 10/31/2017 | 11/1/2017 | 12/1/2017 |
| 7/13/2017 | quarterly | $0.10 | 1.1% | 7/28/2017 | 8/1/2017 | 9/1/2017 |
| 4/11/2017 | quarterly | $0.10 | 1.16% | 4/27/2017 | 5/1/2017 | 6/1/2017 |
| 1/13/2017 | quarterly | $0.10 | 1.3% | 1/30/2017 | 2/1/2017 | 3/1/2017 |
| 9/15/2016 | quarterly | $0.10 | 1.24% | 10/28/2016 | 11/1/2016 | 12/1/2016 |
| 7/13/2016 | quarterly | $0.07 | 1.05% | 7/28/2016 | 8/1/2016 | 9/1/2016 |
| 4/12/2016 | quarterly | $0.07 | 0.87% | 4/28/2016 | 5/2/2016 | 6/1/2016 |
| 1/15/2016 | quarterly | $0.07 | 1.02% | 1/28/2016 | 2/1/2016 | 3/1/2016 |
| 10/6/2015 | quarterly | $0.07 | 0.9% | 10/29/2015 | 11/2/2015 | 12/1/2015 |
| 7/15/2015 | quarterly | $0.06 | 0.79% | 7/29/2015 | 7/31/2015 | 9/1/2015 |
| 4/13/2015 | quarterly | $0.06 | 0.88% | 4/29/2015 | 5/1/2015 | 6/1/2015 |
| 1/15/2015 | quarterly | $0.06 | 0.97% | 1/29/2015 | 2/2/2015 | 3/2/2015 |
| 10/7/2014 | quarterly | $0.06 | 1.1% | 10/29/2014 | 10/31/2014 | 12/1/2014 |
| 7/15/2014 | quarterly | $0.06 | 0.86% | 7/30/2014 | 8/1/2014 | 9/2/2014 |
| 4/15/2014 | quarterly | $0.05 | 0.74% | 4/29/2014 | 5/1/2014 | 6/2/2014 |
| 1/15/2014 | quarterly | $0.05 | 0.8% | 1/29/2014 | 1/31/2014 | 3/3/2014 |
| 9/20/2013 | quarterly | $0.05 | 0.9% | 10/30/2013 | 11/1/2013 | 12/1/2013 |
(Data available from 1/1/2013 forward)
Goodyear Tire and Rubber (NASDAQ GT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 95.03%
Goodyear Tire and Rubber (NASDAQ GT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/1/2017 | Jean Claude Kihn | SVP | Sell | 7,500 | $32.12 | $240,900.00 | 51,848 |  |
| 11/1/2017 | Jean Claude Kihn | SVP | Sell | 7,500 | $30.53 | $228,975.00 | 59,348 | |
| 10/2/2017 | Jean Claude Kihn | Insider | Sell | 7,500 | $33.26 | $249,450.00 | | |
| 9/18/2017 | Jean Claude Kihn | Insider | Sell | 7,500 | $32.44 | $243,300.00 | 74,348 | |
| 8/24/2017 | Stephen R Mcclellan | Insider | Sell | 212 | $29.97 | $6,353.64 | 75,781 | |
| 8/15/2017 | Jean Claude Kihn | Insider | Sell | 289 | $30.32 | $8,762.48 | 86,642 | |
| 7/10/2017 | Stephen R Mcclellan | Insider | Sell | 6,250 | $35.46 | $221,625.00 | 71,849 | |
| 6/9/2017 | Stephen R Mcclellan | Insider | Sell | 6,250 | $35.29 | $220,562.50 | 78,099 | |
| 5/9/2017 | Stephen R Mcclellan | Insider | Sell | 6,250 | $35.32 | $220,750.00 | 84,349 | |
| 4/10/2017 | Stephen R Mcclellan | Insider | Sell | 6,250 | $35.25 | $220,312.50 | 90,599 | |
| 3/15/2017 | Richard J Noechel | SVP | Sell | 4,721 | $36.89 | $174,157.69 | 63,852 | |
| 11/30/2016 | Jean Claude Kihn | Insider | Sell | 371 | $30.72 | $11,397.12 | 79,904 | |
| 11/15/2016 | Stephen R Mcclellan | Insider | Sell | 471 | $31.07 | $14,633.97 | 78,639 | |
| 5/5/2016 | Michael J Morell | Director | Buy | 875 | $27.99 | $24,491.25 | 2,800 | |
| 3/3/2016 | Gregory L Smith | SVP | Sell | 21,635 | $32.00 | $692,320.00 | 151,006 | |
| 2/1/2016 | Richard J Kramer | CEO | Sell | 29,000 | $28.04 | $813,160.00 | 259,864 | |
| 12/11/2015 | Daniel L. Smytka | insider | Sell | 4,484 | $32.48 | $145,640.32 | 41,800 | |
| 12/9/2015 | Darren R Wells | Insider | Sell | 30,914 | $33.61 | $1,039,019.54 | 85,808 | |
| 12/3/2015 | Darren R. Wells | insider | Sell | 20,794 | $34.63 | $720,096.22 | 116,722 | |
| 12/1/2015 | Richard J Kramer | CEO | Sell | 29,000 | $34.95 | $1,013,550.00 | 317,864 | |
| 11/2/2015 | Richard J Kramer | CEO | Sell | 29,000 | $33.36 | $967,440.00 | 346,864 | |
| 10/1/2015 | Richard J Kramer | CEO | Sell | 29,000 | $29.54 | $856,660.00 | 375,864 | |
| 9/3/2015 | Richard J Kramer | CEO | Sell | 29,000 | $29.37 | $851,730.00 | 404,864 | |
| 6/11/2015 | Daniel L Smytka | Insider | Sell | 22,079 | $31.43 | $693,942.97 | | |
| 6/8/2015 | Richard J Noechel | VP | Sell | 20,853 | $31.21 | $650,822.13 | | |
| 6/8/2015 | Stephen R Mcclellan | Insider | Sell | 28,478 | $31.22 | $889,083.16 | | |
| 12/9/2014 | Darren R Wells | Insider | Sell | 29,070 | $26.74 | $777,331.80 | | |
| 12/9/2014 | Joseph B Ruocco | SVP | Sell | 21,141 | $26.26 | $555,162.66 | | |
| 8/6/2014 | Werner Geissler | Director | Buy | 15,000 | $24.39 | $365,850.00 | | |
| 6/13/2014 | Joseph B Ruocco | SVP | Sell | 41,055 | $26.16 | $1,073,998.80 | | |
| 2/19/2014 | Joseph Ruocco | SVP | Sell | 92,884 | $26.62 | $2,472,572.08 | 102,054 | |
(Data available from 1/1/2013 forward)
Goodyear Tire and Rubber (NASDAQ GT) News Headlines
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Goodyear Tire and Rubber (NASDAQ:GT) SEC Filings
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Goodyear Tire and Rubber (NASDAQ:GT) Income Statement, Balance Sheet and Cash Flow Statement
Goodyear Tire and Rubber (NASDAQ GT) Stock Chart for Monday, April, 23, 2018
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