Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles. The company sells its products to independent tire dealers, wholesale distributors, regional and national retail tire chains, and other tire and automotive product retail chains, as well as original equipment manufacturers; and directly to end users through three owned retail stores. Cooper Tire & Rubber Company was founded in 1913 and is headquartered in Findlay, Ohio.
Industry, Sector and Symbol
Industry Tires & inner tubes
Sub-IndustryTires & Rubber
SectorAuto/Tires/Trucks
SymbolNYSE:CTB
CUSIP21683110
Phone419-423-1321
Debt
Debt-to-Equity Ratio0.25
Current Ratio2.59
Quick Ratio1.50
Price-To-Earnings
Trailing P/E Ratio8.73
Forward P/E Ratio14.39
P/E Growth3.58
Sales & Book Value
Annual Sales$2.85 billion
Price / Sales0.48
Cash Flow$6.7625 per share
Price / Cash4.00
Book Value$23.13 per share
Price / Book1.17
Profitability
EPS (Most Recent Fiscal Year)$3.10
Net Income$95.40 million
Net Margins2.60%
Return on Equity11.73%
Return on Assets5.31%
Miscellaneous
Employees9,204
Outstanding Shares50,550,000
Cooper Tire & Rubber (NYSE:CTB) Frequently Asked Questions
What is Cooper Tire & Rubber's stock symbol?
Cooper Tire & Rubber trades on the New York Stock Exchange (NYSE) under the ticker symbol "CTB."
How often does Cooper Tire & Rubber pay dividends? What is the dividend yield for Cooper Tire & Rubber?
Cooper Tire & Rubber announced a quarterly dividend on Friday, May 4th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.105 per share on Friday, June 29th. This represents a $0.42 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 31st. View Cooper Tire & Rubber's Dividend History.
How will Cooper Tire & Rubber's stock buyback program work?
Cooper Tire & Rubber announced that its board has initiated a share repurchase plan on Wednesday, April 12th 2017, which permits the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 13.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.
How were Cooper Tire & Rubber's earnings last quarter?
Cooper Tire & Rubber Co (NYSE:CTB) issued its quarterly earnings results on Monday, April, 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.41. The company earned $601.50 million during the quarter, compared to the consensus estimate of $641.21 million. Cooper Tire & Rubber had a net margin of 2.60% and a return on equity of 11.73%. The business's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. View Cooper Tire & Rubber's Earnings History.
When is Cooper Tire & Rubber's next earnings date?
What price target have analysts set for CTB?
8 analysts have issued twelve-month target prices for Cooper Tire & Rubber's stock. Their predictions range from $33.00 to $50.00. On average, they expect Cooper Tire & Rubber's share price to reach $42.1429 in the next twelve months. View Analyst Ratings for Cooper Tire & Rubber.
What are Wall Street analysts saying about Cooper Tire & Rubber stock?
Here are some recent quotes from research analysts about Cooper Tire & Rubber stock:
- 1. According to Zacks Investment Research, "Cooper Tire’s first-quarter 2018 earnings and revenues missed the Zacks Consensus Estimates. Both earnings and revenues were lower on a year over year basis. During the quarter, results were adversely hit by high manufacturing costs and weak volumes. Also, in the last one year, Cooper Tire underperformed the industry it belongs to. In 2018, the company is likely to face many challenges, including volatile raw material price, a turbulent global market and uncertainty regarding trade policies. However, the company 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 new sales offices." (5/4/2018)
- 2. 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)
Who are some of Cooper Tire & Rubber's key competitors?
Some companies that are related to Cooper Tire & Rubber include Oshkosh (OSK), Adient (ADNT), Navistar International (NAV), CarGurus (CARG), Dongfeng Motor Group Co. Ltd ADR Class H (DNFGY), Dana (DAN), Schaeffler (SCFLF), Cooper Standard (CPS), LCI Industries (LCII), Dorman Products (DORM), Tenneco (TEN), American Axle & Manufact. (AXL), Meritor (MTOR), Fox Factory (FOXF) and SPX (SPXC).
Who are Cooper Tire & Rubber's key executives?
Cooper Tire & Rubber's management team includes the folowing people:
- Mr. Bradley E. Hughes, Pres, CEO & Director (Age 56)
- Ms. Ginger M. Jones, Sr. VP & CFO (Age 54)
- Mr. Stephen Zamansky, Sr. VP, Gen. Counsel & Sec. (Age 47)
- Mr. John J. Bollman, Sr. VP & Chief HR Officer (Age 60)
- Mr. John Ebert, Gen. Mang. of Cooper Kenda Joint Venture Plant
Has Cooper Tire & Rubber been receiving favorable news coverage?
News stories about CTB stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cooper Tire & Rubber earned a media sentiment score of 0.09 on Accern's scale. They also assigned media headlines about the company an impact score of 46.13 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Cooper Tire & Rubber's major shareholders?
Cooper Tire & Rubber's stock is owned by many different of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (8.41%), LSV Asset Management (4.99%), RE Advisers Corp (4.89%), Northern Trust Corp (3.49%), Nuveen Asset Management LLC (2.26%) and Boston Partners (1.76%). Company insiders that own Cooper Tire & Rubber stock include John J Holland, Robert D Welding and Stephen Zamansky. View Institutional Ownership Trends for Cooper Tire & Rubber.
Which major investors are selling Cooper Tire & Rubber stock?
CTB stock was sold by a variety of institutional investors in the last quarter, including RE Advisers Corp, Hodges Capital Management Inc., Russell Investments Group Ltd., Schroder Investment Management Group, Gabelli Funds LLC, Gamco Investors INC. ET AL, Guggenheim Capital LLC and Aperio Group LLC. View Insider Buying and Selling for Cooper Tire & Rubber.
Which major investors are buying Cooper Tire & Rubber stock?
CTB stock was acquired by a variety of institutional investors in the last quarter, including Boston Partners, Dimensional Fund Advisors LP, Nuveen Asset Management LLC, Loomis Sayles & Co. L P, Franklin Resources Inc., Piermont Capital Management Inc., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and Virginia Retirement Systems ET AL. View Insider Buying and Selling for Cooper Tire & Rubber.
How do I buy shares of Cooper Tire & Rubber?
Shares of CTB 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 Cooper Tire & Rubber's stock price today?
One share of CTB stock can currently be purchased for approximately $27.05.
How big of a company is Cooper Tire & Rubber?
Cooper Tire & Rubber has a market capitalization of $1.36 billion and generates $2.85 billion in revenue each year. The company earns $95.40 million in net income (profit) each year or $3.10 on an earnings per share basis. Cooper Tire & Rubber employs 9,204 workers across the globe.
How can I contact Cooper Tire & Rubber?
Cooper Tire & Rubber's mailing address is 701 LIMA AVENUE, FINDLAY OH, 45840. The company can be reached via phone at 419-423-1321 or via email at [email protected]
MarketBeat Community Rating for Cooper Tire & Rubber (CTB)
MarketBeat's community ratings are surveys of what our community members think about Cooper Tire & Rubber and other stocks. Vote "Outperform" if you believe CTB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CTB will underperform the S&P 500 over the long term. You may vote once every thirty days.
