Cooper Tire & Rubber Company Company Profile (NYSE:CTB)

Cooper Tire & Rubber Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "CTB."

Cooper Tire & Rubber Company announced a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Friday, September 1st will be paid a dividend of $0.105 per share on Friday, September 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Wednesday, August 30th. View Cooper Tire & Rubber Company's Dividend History.

Cooper Tire & Rubber Company declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 12th 2017, which authorizes the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 13.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Cooper Tire & Rubber Company (NYSE:CTB) posted its earnings results on Friday, August, 4th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The business earned $720.75 million during the quarter, compared to analysts' expectations of $775 million. Cooper Tire & Rubber Company had a return on equity of 17.67% and a net margin of 6.71%. The business's revenue for the quarter was down 2.6% on a year-over-year basis. During the same period last year, the company posted $1.27 earnings per share. View Cooper Tire & Rubber Company's Earnings History.

Cooper Tire & Rubber Company is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Cooper Tire & Rubber Company.

8 brokerages have issued twelve-month price objectives for Cooper Tire & Rubber Company's stock. Their forecasts range from $22.00 to $53.00. On average, they expect Cooper Tire & Rubber Company's stock price to reach $42.20 in the next year. View Analyst Ratings for Cooper Tire & Rubber Company.

Here are some recent quotes from research analysts about Cooper Tire & Rubber Company stock:

• 1. FBR & Co analysts commented, "We recently traveled with the Cooper management team and came away incrementally more positive around the growth opportunities that are in front of the company in both legacy markets such as North America and new markets such as China and Latin America. We think the primary concern for investors right now is lighter demand for passenger vehicle and light-truck (PVLT) replacement tires in the U.S. (a significant market). Our view is that lighter demand reflects a temporary air pocket and not a degradation in fundamentals, which we think remain favorable (higher miles driven, penetration of 17-inch and higher rim sizes, age of fleet). In addition, we believe Cooper has growth opportunities outside of the U.S. PVLT market. The company’s initiatives targeting Chinese OEM tires continue to be successful, and in our view, this is a significant revenue growth opportunity. Cooper also has opportunities in the truck and bus radial (TBR) tire market, where we believe its Roadmaster brand is seeing continued success here in the U.S. and could see opportunities abroad, as well, and in the Latin American market (although that opportunity is still in the early innings, in our view)." (9/5/2017)
• 2. According to Zacks Investment Research, "Quarterly earnings estimates of Cooper Tire have been going up of late. It continues to expand its product portfolio with a focus to satisfy the market demand in all regions. It is also expanding its presence in Asia and Latin America through acquisitions and opening of new sales offices. Also, it intends to reduce its manufacturing costs through increased automation in production facilities and consolidation of product family, which is expected to have a positive impact on its financials. Moreover, a strong balance sheet and frequent share repurchases by the company will boost shareholders’ value." (8/1/2017)

Some companies that are related to Cooper Tire & Rubber Company include Tenneco (TEN), Dorman Products (DORM), Meritor (MTOR), Cooper-Standard Holdings (CPS), American Axle & Manufacturing Holdings (AXL), Fox Factory Holding Corp. (FOXF), Gentherm (THRM), Wabash National Corporation (WNC), SPX Corporation (SPXC), Standard Motor Products (SMP), Modine Manufacturing Company (MOD), Douglas Dynamics (PLOW), Motorcar Parts of America (MPAA), Tower International (TOWR), Horizon Global Corporation (HZN), Superior Industries International (SUP), Westport Fuel Systems (WPRT) and Spartan Motors (SPAR).

Cooper Tire & Rubber Company's management team includes the folowing people:

• Bradley E. Hughes, President, Chief Executive Officer, Director
• Ginger M. Jones, Chief Financial Officer, Senior Vice President
• John Joseph Bollman, Chief Human Resource Officer, Senior Vice President
• Stephen Zamansky, Senior Vice President, General Counsel, Secretary
• Thomas P. Capo, Non-Executive Independent Chairman of the Board
• Steven M. Chapman, Independent Director
• Susan F. Davis, Independent Director
• John J. Holland, Independent Director
• Gary Solamon Michel, Independent Director

Cooper Tire & Rubber Company's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.50%), Vanguard Group Inc. (8.22%), Dimensional Fund Advisors LP (6.48%), Fairpointe Capital LLC (6.47%), RE Advisers Corp (5.60%) and Royce & Associates LP (5.58%). Company insiders that own Cooper Tire & Rubber Company stock include John J Holland, Roy V Armes and Stephen Zamansky. View Institutional Ownership Trends for Cooper Tire & Rubber Company.

Cooper Tire & Rubber Company's stock was sold by a variety of institutional investors in the last quarter, including AJO LP, JPMorgan Chase & Co., Bank of Montreal Can, James Investment Research Inc., BlackRock Inc., Neuberger Berman Group LLC, Prudential Financial Inc. and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Cooper Tire & Rubber Company stock in the last year include John J Holland and Stephen Zamansky. View Insider Buying and Selling for Cooper Tire & Rubber Company.

Cooper Tire & Rubber Company's stock was bought by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Fairpointe Capital LLC, Dalton Greiner Hartman Maher & Co., Royce & Associates LP, Dimensional Fund Advisors LP, Victory Capital Management Inc., Hodges Capital Management Inc. and UBS Oconnor LLC. View Insider Buying and Selling for Cooper Tire & Rubber Company.

Shares of Cooper Tire & Rubber Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Cooper Tire & Rubber Company stock can currently be purchased for approximately $34.40.