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

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$20.47 -0.11 (-0.53 %)
(As of 01/23/2019 04:10 AM ET)
Previous Close$20.58
Today's Range$19.87 - $20.64
52-Week Range$18.67 - $36.07
Volume4.59 million shs
Average Volume6.60 million shs
Market Capitalization$4.77 billion
P/E Ratio6.56
Dividend Yield3.16%
Beta1.64
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.

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Industry, Sector and Symbol

Industry Tires & inner tubes
Sub-IndustryTires & Rubber
SectorAuto/Tires/Trucks
CUSIP38255010
Phone330-796-2121

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$15.38 billion
Cash Flow$6.4371 per share
Book Value$19.69 per share

Profitability

Net Income$346 million

Miscellaneous

Employees64,000
Market Cap$4.77 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 Tuesday, January 15th. Investors 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 3.13%. The ex-dividend date 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 has authorized a stock buyback plan on Thursday, April 6th 2017, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 11.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

How were Goodyear Tire & Rubber's earnings last quarter?

Goodyear Tire & Rubber Co (NASDAQ:GT) issued its quarterly earnings results on Friday, October, 26th. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.76 by $0.08. The business had revenue of $3.93 billion for the quarter, compared to analysts' expectations of $3.95 billion. Goodyear Tire & Rubber had a return on equity of 13.84% and a net margin of 3.11%. Goodyear Tire & Rubber's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 earnings per share. View Goodyear Tire & Rubber's Earnings History.

When is Goodyear Tire & Rubber's next earnings date?

Goodyear Tire & Rubber is scheduled to release their next quarterly earnings announcement on Thursday, February 14th 2019. View Earnings Estimates for Goodyear Tire & Rubber.

What price target have analysts set for GT?

12 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 anticipate Goodyear Tire & Rubber's share price to reach $25.4286 in the next twelve months. This suggests a possible upside of 24.2% 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 is witnessing a growth in demand for bigger rim size tires in the United States and Europe, which contributes to the momentum in EMEA and Americas segment. In order to be at par with the rising demand, it announced to expand production hub at Slovenia in December. The factory will raise production targets of 17 to 19-inch replacement consumer tires. Further, Goodyear launches innovative products and services to remain competitive in the market and drive revenues. However, softening market conditions in China, economic volatility in Brazil, rise in raw material costs and unfavorable foreign currency translation has compelled it to lower segment 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." (1/17/2019)
  • 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?

Press coverage about GT stock has been trending somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Goodyear Tire & Rubber earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days.

Who are some of Goodyear Tire & Rubber's key competitors?

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 many different of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (1.01%), Retirement Systems of Alabama (0.05%), Salem Capital Management Inc. (0.04%), Advisors Capital Management LLC (0.04%), Fruth Investment Management (0.03%) and State of Alaska Department of Revenue (0.02%). 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 Retirement Systems of Alabama, Advisors Capital Management LLC, BLB&B Advisors LLC, Salem Capital Management Inc., BB&T Corp, Louisiana State Employees Retirement System and James Investment Research Inc.. View Insider Buying and Selling for Goodyear Tire & Rubber.

Which institutional investors are buying Goodyear Tire & Rubber stock?

GT stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Fruth Investment Management, Cerebellum GP LLC, Nisa Investment Advisors LLC, DNB Asset Management AS, Meeder Asset Management Inc. and State of Alaska Department of Revenue. 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 $20.47.

How big of a company is Goodyear Tire & Rubber?

Goodyear Tire & Rubber has a market capitalization of $4.77 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?

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

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)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  442 (Vote Outperform)
Underperform Votes:  309 (Vote Underperform)
Total Votes:  751
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.
This page was last updated on 1/23/2019 by MarketBeat.com Staff

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