NASDAQ:GTGoodyear Tire & Rubber Stock Price, Forecast & News

Goodyear Tire & Rubber's stock was trading at $7.16 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, GT shares have increased by 24.9% and is now trading at $8.94. View which stocks have been most impacted by Coronavirus.

12 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 4 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, July 24th 2020. View our earnings forecast for Goodyear Tire & Rubber.

Goodyear Tire & Rubber Co (NASDAQ:GT) released its quarterly earnings results on Thursday, April, 30th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.48. The company had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $2.95 billion. Goodyear Tire & Rubber had a positive return on equity of 1.48% and a negative net margin of 6.12%. The business's quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 EPS. View Goodyear Tire & Rubber's earnings history.

Goodyear Tire & Rubber declared a quarterly dividend on Wednesday, January 15th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.16 per share on Monday, March 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date of this dividend is Friday, January 31st. View Goodyear Tire & Rubber's dividend history.

Goodyear Tire & Rubber issued an update on its first quarter 2020 Pre-Market earnings guidance on Thursday, April, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3-3 billion, compared to the consensus revenue estimate of $3.38 billion.

12 brokers have issued twelve-month target prices for Goodyear Tire & Rubber's shares. Their forecasts range from $5.00 to $20.00. On average, they anticipate Goodyear Tire & Rubber's stock price to reach $11.02 in the next year. This suggests a possible upside of 23.3% from the stock's current price. View analysts' price targets for Goodyear Tire & Rubber.

News stories about GT stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Goodyear Tire & Rubber earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutGoodyear Tire & Rubber.

Some companies that are related to Goodyear Tire & Rubber include RENAULT S A/ADR (RNLSY), BorgWarner (BWA), WABCO (WBC), Lear (LEA), ISUZU MOTORS LT/ADR (ISUZY), AUTO TRADER GRP/ADR (ATDRY), Gentex (GNTX), VALEO/S (VLEEY), Autoliv (ALV), IAA (IAA), Polaris Industries (PII), Dongfeng Motor Group (DNFGY), Yamaha Motor (YAMHF), Oshkosh (OSK) and NIO (NIO). View all competitors.

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), General Motors (GM), Intel (INTC), Johnson & Johnson (JNJ), Altria Group (MO), Bank of America (BAC), Walt Disney (DIS) and Enterprise Products Partners (EPD).

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

Goodyear Tire & Rubber's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.19%), State Street Corp (2.57%), Bank of New York Mellon Corp (1.40%), Parametric Portfolio Associates LLC (1.33%), Geode Capital Management LLC (1.23%) and Invesco Ltd. (1.17%). View institutional ownership trends for Goodyear Tire & Rubber.

GT stock was sold by a variety of institutional investors in the last quarter, including Lyrical Asset Management LP, Avalon Investment & Advisory, AQR Capital Management LLC, Levin Easterly Partners LLC, BNP Paribas Arbitrage SA, State Street Corp, Financial Counselors Inc., and Cipher Capital LP. View insider buying and selling activity for Goodyear Tire & Rubber.

GT stock was purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., Squarepoint Ops LLC, BlackRock Inc., Deutsche Bank AG, Parametric Portfolio Associates LLC, Connor Clark & Lunn Investment Management Ltd., Two Sigma Advisers LP, and Robeco Institutional Asset Management B.V.. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of GT stock can currently be purchased for approximately $8.94.

Goodyear Tire & Rubber has a market capitalization of $2.08 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.

The official website for Goodyear Tire & Rubber is 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]