Goodyear Tire & Rubber (GT) Stock Price, News & Analysis

Company Overview

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, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands. The company also provides retread truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical products; and provides automotive and commercial repair services, and miscellaneous other products and services. In addition, it operates approximately 950 retail outlets, which offer products for sale, and provides repair and other services. Further, the company sells products and installation services online through its websites, www.goodyear.com for consumer tires and www.goodyeartrucktires.com for commercial tires; automotive maintenance and repair services under the Goodyear or Just Tires names; and automotive repair and maintenance items, automotive equipment and accessories, and other items to dealers and consumers, as well as provides miscellaneous other products and services. The company sells its products worldwide through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio.

Key Stats

• Today's Range: $8.19 to $8.34
• 50-Day Range: $7.63 to $12.31
• 52-Week Range: $7.27 to $15.24
• Volume: 5.96 million shs
• Average Volume: 3.95 million shs
• Market Capitalization: $2.35 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $17.23
• Consensus Rating: Moderate Buy

Goodyear Tire & Rubber Stock Analysis - MarketRank™

Goodyear Tire & Rubber scored higher than 75% of companies evaluated by MarketBeat, and ranked 32nd out of 90 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Goodyear Tire & Rubber has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Goodyear Tire & Rubber has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 80.19%

Earnings Growth

Earnings for Goodyear Tire & Rubber are expected to grow by 80.19% in the coming year, from $1.06 to $1.91 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Goodyear Tire & Rubber is -3.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Goodyear Tire & Rubber is -3.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Goodyear Tire & Rubber has a P/B Ratio of 0.48. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.32% of the float of Goodyear Tire & Rubber has been sold short.

Short Interest Ratio / Days to Cover

Goodyear Tire & Rubber has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Goodyear Tire & Rubber has recently increased by 11.35%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Goodyear Tire & Rubber does not currently pay a dividend.

Dividend Growth

Goodyear Tire & Rubber does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Goodyear Tire & Rubber will have a dividend payout ratio of 33.51% next year. This indicates that Goodyear Tire & Rubber will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.32% of the float of Goodyear Tire & Rubber has been sold short.

Short Interest Ratio / Days to Cover

Goodyear Tire & Rubber has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Goodyear Tire & Rubber has recently increased by 11.35%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.90

News Sentiment

Goodyear Tire & Rubber has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.39 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Goodyear Tire & Rubber this week, compared to 6 articles on an average week.

Search Interest

Only 22 people have searched for GT on MarketBeat in the last 30 days. This is a decrease of -15% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Goodyear Tire & Rubber to their MarketBeat watchlist in the last 30 days. This is a decrease of -69% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Goodyear Tire & Rubber insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.20% of the stock of Goodyear Tire & Rubber is held by insiders.

Percentage Held by Institutions

84.19% of the stock of Goodyear Tire & Rubber is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GT Stock Analysis - Frequently Asked Questions

How have GT shares performed this year?

Goodyear Tire & Rubber's stock was trading at $14.32 at the beginning of 2024. Since then, GT shares have decreased by 42.3% and is now trading at $8.26.
View the best growth stocks for 2024 here.

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

The Goodyear Tire & Rubber Company (NASDAQ:GT) issued its quarterly earnings data on Wednesday, July, 31st. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.10. The company's revenue was down 6.1% on a year-over-year basis.

Who are Goodyear Tire & Rubber's major shareholders?

Goodyear Tire & Rubber's top institutional shareholders include Dimensional Fund Advisors LP (5.90%), American Century Companies Inc. (2.55%), LSV Asset Management (2.24%) and Newport Trust Company LLC (1.24%). Insiders that own company stock include Darren R Wells, Richard J Kramer and Stephen R Mcclellan.
View institutional ownership trends.

How do I buy shares of Goodyear Tire & Rubber?

Shares of GT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Goodyear Tire & Rubber own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Goodyear Tire & Rubber investors own include AT&T (T), General Electric (GE), Ford Motor (F), Intel (INTC), Pfizer (PFE), Wells Fargo & Company (WFC) and Bank of America (BAC).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Auto/Tires/Trucks
• Industry: Tires & inner tubes
• Sub-Industry: Tires & Rubber
• Current Symbol: NASDAQ:GT
• CUSIP: 38255010
• CIK: 42582
• Web: www.goodyear.com
• Phone: (330) 796-2121
• Fax: 330-796-2222
• Employees: 71,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $17.23
• High Stock Price Target: $21.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +107.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.26)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 7.84
• P/E Growth: N/A
• Net Income: $-689,000,000.00
• Net Margins: -1.82%
• Pretax Margin: -1.44%
• Return on Equity: 6.55%
• Return on Assets: 1.46%

Debt

• Debt-to-Equity Ratio: 1.41
• Current Ratio: 1.06
• Quick Ratio: 0.54

Sales & Book Value

• Annual Sales: $19.37 billion
• Price / Sales: 0.12
• Cash Flow: $5.01 per share
• Price / Cash Flow: 1.66
• Book Value: $17.06 per share
• Price / Book: 0.49

Miscellaneous

• Outstanding Shares: 284,687,000
• Free Float: 281,271,000
• Market Cap: $2.37 billion
• Optionable: Optionable
• Beta: 1.70