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

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$22.22 -0.58 (-2.54 %)
(As of 11/15/2018 04:00 PM ET)
Previous Close$22.80
Today's Range$21.70 - $22.62
52-Week Range$19.25 - $36.07
Volume3.94 million shs
Average Volume3.27 million shs
Market Capitalization$5.14 billion
P/E Ratio7.12
Dividend Yield2.84%
Beta1.73
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

Stock Exchange NASDAQ
Industry Tires & inner tubes
Sub-IndustryTires & Rubber
SectorAuto/Tires/Trucks
Current SymbolNASDAQ:GT
Previous Symbol
CUSIP38255010
Phone330-796-2121

Debt

Debt-to-Equity Ratio1.12
Current Ratio1.34
Quick Ratio0.76

Price-To-Earnings

Trailing P/E Ratio7.12
Forward P/E Ratio8.20
P/E GrowthN/A

Sales & Book Value

Annual Sales$15.38 billion
Price / Sales0.34
Cash Flow$6.5161 per share
Price / Cash3.41
Book Value$21.46 per share
Price / Book1.04

Profitability

EPS (Most Recent Fiscal Year)$3.12
Net Income$346 million
Net Margins3.11%
Return on Equity13.84%
Return on Assets3.91%

Miscellaneous

Employees64,000
Outstanding Shares233,010,000
Market Cap$5.14 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 Wednesday, October 10th. Investors of record on Thursday, November 1st will be given a dividend of $0.14 per share on Monday, December 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Wednesday, October 31st. View Goodyear Tire & Rubber's Dividend History.

How will Goodyear Tire & Rubber's stock buyback program work?

Goodyear Tire & Rubber announced that its Board of Directors has approved a stock repurchase program on Thursday, April 6th 2017, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 11.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors 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, October, 26th. The company reported $0.68 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.76 by $0.08. The business earned $3.93 billion during the quarter, compared to analysts' expectations of $3.95 billion. Goodyear Tire & Rubber had a net margin of 3.11% and a return on equity of 13.84%. The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 EPS. 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?

11 analysts have issued twelve-month target prices for Goodyear Tire & Rubber's stock. Their forecasts range from $21.00 to $36.00. On average, they anticipate Goodyear Tire & Rubber's share price to reach $26.00 in the next year. This suggests a possible upside of 17.0% from the stock's current price. View Analyst Price Targets for Goodyear Tire & Rubber.

What is the consensus analysts' recommendation for Goodyear Tire & Rubber?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last year. There are currently 1 sell rating, 5 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. 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)
  • 2. According to Zacks Investment Research, "Goodyear is anticipated to benefit from the establishment of TireHub with Bridgestone, allowing the former to operate more closely with customers and providing an improved brand experience. For fiscal 2018, the company has provided a positive outlook primarily due to improved volume sales in the United States & Europe, increased sales in other tire-related businesses and enhanced price mix. Further, a strengthening balance sheet enables the company to boost shareholder value by paying regular dividends and repurchasing common shares." (7/11/2018)

Has Goodyear Tire & Rubber been receiving favorable news coverage?

Headlines about GT stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Goodyear Tire & Rubber earned a news impact score of 0.8 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an effect on the company's share price in the next several days.

Are investors shorting Goodyear Tire & Rubber?

Goodyear Tire & Rubber saw a drop in short interest in October. As of October 31st, there was short interest totalling 16,887,588 shares, a drop of 8.8% from the October 15th total of 18,524,215 shares. Based on an average trading volume of 4,969,383 shares, the short-interest ratio is presently 3.4 days. Approximately 7.3% of the company's shares are sold short. View Goodyear Tire & Rubber's Current Options Chain.

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 54)
  • Mr. David L. Bialosky, Sr. VP, Gen. Counsel & Sec. (Age 60)
  • Mr. Stephen R. McClellan, Pres of Americas (Age 52)
  • Mr. Christopher Raymond Delaney, Pres of Europe, Middle East & Africa Bus. Unit (Age 57)
  • Ms. Laura K. Thompson, Exec. VP (Age 54)

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 investors include BlackRock Inc. (7.48%), LSV Asset Management (4.87%), Lyrical Asset Management LP (3.54%), Diamond Hill Capital Management Inc. (3.24%), Sound Shore Management Inc. CT (3.05%) and Dimensional Fund Advisors LP (2.87%). 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 major investors are selling Goodyear Tire & Rubber stock?

GT stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Diamond Hill Capital Management Inc., AQR Capital Management LLC, Point72 Asset Management L.P., Mitsubishi UFJ Trust & Banking Corp, BlackRock Inc., Dimensional Fund Advisors LP and Aviva PLC. View Insider Buying and Selling for Goodyear Tire & Rubber.

Which major investors are buying Goodyear Tire & Rubber stock?

GT stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Sound Shore Management Inc. CT, Bank of Montreal Can, Levin Capital Strategies L.P., Lyrical Asset Management LP, Deutsche Bank AG, Towle & Co. and BlueMountain 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 $22.22.

How big of a company is Goodyear Tire & Rubber?

Goodyear Tire & Rubber has a market capitalization of $5.14 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:  3.0 out of 5 (star star star)
Outperform Votes:  433 (Vote Outperform)
Underperform Votes:  298 (Vote Underperform)
Total Votes:  731
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 11/15/2018 by MarketBeat.com Staff

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