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.
Industry, Sector and Symbol
Industry Tires & inner tubes
Sub-IndustryTires & Rubber
SectorAuto/Tires/Trucks
Phone330-796-2121
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$15.48 billion
Profitability
Miscellaneous
Employees64,000
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 Tuesday, January 15th. Shareholders of record on Friday, February 1st will be paid a dividend of $0.16 per share on Friday, March 1st. This represents a $0.64 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, January 31st. This is a boost from Goodyear Tire & Rubber's previous quarterly dividend of $0.14. View Goodyear Tire & Rubber's Dividend History.
How will Goodyear Tire & Rubber's stock buyback program work?
Goodyear Tire & Rubber declared that its Board of Directors has initiated a stock buyback program on Thursday, April 6th 2017, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 11.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.
How were Goodyear Tire & Rubber's earnings last quarter?
Goodyear Tire & Rubber Co (NASDAQ:GT) posted its quarterly earnings results on Friday, February, 8th. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.60 by $0.09. The firm earned $3.88 billion during the quarter, compared to analyst estimates of $4.04 billion. Goodyear Tire & Rubber had a net margin of 4.48% and a return on equity of 11.17%. Goodyear Tire & Rubber's revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. 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 target prices for Goodyear Tire & Rubber's shares. Their forecasts range from $14.00 to $36.00. On average, they anticipate Goodyear Tire & Rubber's stock price to reach $23.50 in the next year. This suggests a possible upside of 23.7% 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 2 sell ratings, 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. According to Zacks Investment Research, "Of late, the Zacks Consensus Estimate for Goodyear’s fourth-quarter and 2018 earnings has been moving down. The company has been struggling with softening market conditions in China, economic volatility in Brazil and rise in raw material costs includes carbon black and synthetic rubber are concerns for Goodyear. Further, unfavorable foreign currency translation is another headwind for the tire supplier. In fact, the headwinds have compelled the company to lower its operating income projection to roughly $1.3 billion from the previous estimates of $1.45-$1.5 billion. Over the past three months, shares of Goodyear have underperformed against its industry. The company will release its fourth-quarter 2018 earnings on Feb 8." (2/5/2019)
- 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 headlines about GT stock have trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive 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 closest to five being the most favorable. Goodyear Tire & Rubber earned a daily sentiment score of 1.4 on InfoTrie's scale. They also gave news articles about the company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Are investors shorting Goodyear Tire & Rubber?
Goodyear Tire & Rubber saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 11,379,876 shares, an increase of 15.1% from the January 15th total of 9,891,216 shares. Based on an average trading volume of 5,515,584 shares, the short-interest ratio is currently 2.1 days. Approximately 4.9% of the shares of the company 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 Magna International (MGA), GEELY AUTOMOBIL/ADR (GELYY), Genuine Parts (GPC), CNH Industrial (CNHI), ISUZU MOTORS LT/ADR (ISUZY), AISIN SEIKI CO/ADR (ASEKY), WEICHAI PWR CO/ADR (WEICY), Lear (LEA), BorgWarner (BWA), LKQ (LKQ), Tata Motors (TTM), NIO (NIO), VALEO/S (VLEEY), MAZDA MTR CORP/ADR (MZDAY) and Yamaha Motor (YAMHF).
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 55)
- 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 Bus. Unit (Age 58)
- Ms. Laura K. Thompson, Exec. VP (Age 55)
Who are Goodyear Tire & Rubber's major shareholders?
Goodyear Tire & Rubber's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.16%), LSV Asset Management (4.81%), Dimensional Fund Advisors LP (2.98%), Sound Shore Management Inc. CT (2.70%), Diamond Hill Capital Management Inc. (2.50%) and Bank of New York Mellon Corp (2.21%). Company insiders that own Goodyear Tire & Rubber stock include Jean Claude Kihn, Richard J Noechel, Stephen R Mcclellan and Werner Geissler. 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 Diamond Hill Capital Management Inc., Brandywine Global Investment Management LLC, Sound Shore Management Inc. CT, Ontario Teachers Pension Plan Board, BlackRock Inc., Levin Capital Strategies L.P., Moon Capital Management LP and Retirement Systems of Alabama. View Insider Buying and Selling for Goodyear Tire & Rubber.
Which institutional investors are buying Goodyear Tire & Rubber stock?
GT stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Millennium Management LLC, Bank of Montreal Can, Bank of New York Mellon Corp, Two Sigma Advisers LP, Precision Path Capital LP, Dimensional Fund Advisors LP and Geode 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 $19.00.
How big of a company is Goodyear Tire & Rubber?
Goodyear Tire & Rubber has a market capitalization of $4.41 billion and generates $15.48 billion in revenue each year. The company earns $693 million in net income (profit) each year or $2.32 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.
