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

Goodyear Tire & Rubber's stock was trading at $7.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GT stock has increased by 26.3% and is now trading at $9.04. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last year. There are currently 7 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) announced its quarterly earnings data 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 business earned $3.06 billion during the quarter, compared to the consensus estimate of $2.95 billion. Goodyear Tire & Rubber had a positive return on equity of 1.48% and a negative net margin of 6.12%. Goodyear Tire & Rubber's revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. 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 yield of 7.08%. 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 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.

11 Wall Street analysts have issued 1-year price targets for Goodyear Tire & Rubber's shares. Their forecasts range from $5.00 to $20.00. On average, they expect Goodyear Tire & Rubber's share price to reach $10.61 in the next year. This suggests a possible upside of 17.4% from the stock's current price. View analysts' price targets for Goodyear Tire & Rubber.

Media coverage about GT stock has been trending somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 2.0 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news about Goodyear Tire & Rubber.

Goodyear Tire & Rubber saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 13,820,000 shares, a decrease of 9.7% from the May 31st total of 15,310,000 shares. Based on an average trading volume of 6,880,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 6.0% of the company's stock are sold short. View Goodyear Tire & Rubber's Current Options Chain.

Some companies that are related to Goodyear Tire & Rubber include AISIN SEIKI CO/ADR (ASEKY), LKQ (LKQ), RENAULT S A/ADR (RNLSY), BorgWarner (BWA), VALEO/S (VLEEY), ISUZU MOTORS LT/ADR (ISUZY), Lear (LEA), Gentex (GNTX), AUTO TRADER GRP/ADR (ATDRY), Polaris Industries (PII), Autoliv (ALV), Brilliance China Automotive (BCAUY), Dongfeng Motor Group (DNFGY), Yamaha Motor (YAMHF) and IAA (IAA). 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 many different institutional and retail investors. Top institutional investors include Richard P Slaughter Associates Inc (0.05%), Guardian Investment Management (0.03%), Louisiana State Employees Retirement System (0.02%), NuWave Investment Management LLC (0.00%) and Tsfg LLC (0.00%). View institutional ownership trends for Goodyear Tire & Rubber.

GT stock was sold by a variety of institutional investors in the last quarter, including Guardian Investment Management. View insider buying and selling activity for Goodyear Tire & Rubber.

GT stock was acquired by a variety of institutional investors in the last quarter, including Richard P Slaughter Associates Inc, Tsfg LLC, NuWave Investment Management LLC, and Louisiana State Employees Retirement System. 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 $9.04.

Goodyear Tire & Rubber has a market capitalization of $2.11 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]