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

Goodyear Tire & Rubber's stock was trading at $7.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GT shares have increased by 28.9% and is now trading at $9.23. 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) posted its quarterly earnings data on Thursday, April, 30th. The company reported ($0.60) earnings per share (EPS) 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 revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the company 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 yield of 6.93%. The ex-dividend date is Friday, January 31st. View Goodyear Tire & Rubber's dividend history.

Goodyear Tire & Rubber updated 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.

11 equities research analysts have issued twelve-month 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 15.0% from the stock's current price. View analysts' price targets for Goodyear Tire & Rubber.

Headlines about GT stock have been trending somewhat positive recently, InfoTrie reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Goodyear Tire & Rubber earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned news coverage 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 immediate future. View the latest news about Goodyear Tire & Rubber.

Goodyear Tire & Rubber saw a decrease in short interest during 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 short sold. View Goodyear Tire & Rubber's Current Options Chain.

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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 retail and institutional investors. Top institutional shareholders include Richard P Slaughter Associates Inc (0.05%) and Tsfg LLC (0.00%). View institutional ownership trends for Goodyear Tire & Rubber.

GT stock was bought by a variety of institutional investors in the last quarter, including Richard P Slaughter Associates Inc, and Tsfg LLC. 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 $9.23.

Goodyear Tire & Rubber has a market capitalization of $2.15 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]