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
Stock Exchange NYSE
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 Ratio8.29
Forward P/E Ratio13.97
P/E Growth3.43
Sales & Book Value
Annual Sales$2.85 billion
Price / Sales0.46
Cash Flow$6.8533 per share
Price / Cash3.75
Book Value$23.13 per share
Price / Book1.11
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
Market Cap$1,276.48
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. Investors of record on Friday, June 1st will be given a dividend of $0.105 per share on Friday, June 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.63%. 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 declared that its Board of Directors has approved a share repurchase program on Wednesday, April 12th 2017, which permits the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 13.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.
How were Cooper Tire & Rubber's earnings last quarter?
Cooper Tire & Rubber Co (NYSE:CTB) released its quarterly earnings data on Monday, April, 30th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.41. The business earned $601.50 million during the quarter, compared to analyst estimates of $641.21 million. Cooper Tire & Rubber had a return on equity of 11.73% and a net margin of 2.60%. The firm's revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. 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 Wall Street analysts have issued 1-year price targets for Cooper Tire & Rubber's stock. Their forecasts range from $33.00 to $50.00. On average, they expect Cooper Tire & Rubber's stock price to reach $42.1429 in the next year. This suggests a possible upside of 64.0% from the stock's current price. View Analyst Ratings for Cooper Tire & Rubber.
What is the consensus analysts' recommendation for Cooper Tire & Rubber?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cooper Tire & Rubber in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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 & Rubber Co. 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. 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 in its financials. However, due to competitive pricing, promotions and lower volumes in the industry the company is witnessing a decline in product demand." (7/3/2018)
- 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 Adient (ADNT), Navistar International (NAV), CarGurus (CARG), Dana (DAN), Dongfeng Motor Group (DNFGY), Schaeffler (SCFLF), Cooper Standard (CPS), LCI Industries (LCII), Dorman Products (DORM), Tenneco (TEN), Fox Factory (FOXF), American Axle & Manufact. (AXL), Meritor (MTOR), SPX (SPXC) and Gentherm (THRM).
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 headlines about CTB stock have trended somewhat positive recently, Accern reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cooper Tire & Rubber earned a coverage optimism score of 0.10 on Accern's scale. They also assigned news coverage about the company an impact score of 47.24 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Cooper Tire & Rubber's major shareholders?
Cooper Tire & Rubber's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Deprince Race & Zollo Inc. (4.73%), Salem Capital Management Inc. (0.20%), Adams Asset Advisors LLC (0.09%), Louisiana State Employees Retirement System (0.04%), State of Alaska Department of Revenue (0.03%) and Rowland & Co. Investment Counsel ADV (0.02%). 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?
Which major investors are buying Cooper Tire & Rubber stock?
CTB stock was bought by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Adams Asset Advisors LLC, State of Alaska Department of Revenue, Louisiana State Employees Retirement System and Rowland & Co. Investment Counsel ADV. 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 $25.70.
How big of a company is Cooper Tire & Rubber?
Cooper Tire & Rubber has a market capitalization of $1.28 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 (NYSE 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.
