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About Cooper Tire & Rubber (NYSE:CTB)
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 Ratio8.21
Forward P/E Ratio11.62
P/E Growth2.87
Sales & Book Value
Annual Sales$2.85 billion
Price / Sales0.45
Cash Flow$6.8048 per share
Price / Cash3.74
Book Value$23.82 per share
Price / Book1.07
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. Investors 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 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date 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 of Directors has authorized a share buyback program on Wednesday, April 12th 2017, which allows the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 13.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its stock is undervalued.
How were Cooper Tire & Rubber's earnings last quarter?
Cooper Tire & Rubber (NYSE:CTB) issued its quarterly earnings data on Monday, April, 30th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.57 by $0.41. The firm earned $601.50 million during the quarter, compared to the consensus estimate 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 firm earned $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?
9 analysts have issued 1 year price targets for Cooper Tire & Rubber's shares. Their predictions range from $33.00 to $50.00. On average, they expect Cooper Tire & Rubber's stock 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 Adient (ADNT), Navistar International (NAV), Dana (DAN), CarGurus (CARG), Dongfeng Motor Group (DNFGY), Schaeffler (SCFLF), Tenneco (TEN), Cooper Standard (CPS), LCI Industries (LCII), Dorman Products (DORM), Meritor (MTOR), American Axle (AXL), SPX (SPXC), Fox Factory (FOXF) 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. Mark A. Young, Director of External Reporting (Age 41)
- Mr. John J. Bollman, Sr. VP & Chief HR Officer (Age 60)
Has Cooper Tire & Rubber been receiving favorable news coverage?
News stories about CTB stock have trended somewhat positive this week, according to Accern Sentiment. The research firm rates the sentiment of press coverage by monitoring more than twenty million blog and news 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 coverage optimism score of 0.10 on Accern's scale. They also gave media headlines about the company an impact score of 46.82 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Cooper Tire & Rubber's major shareholders?
Cooper Tire & Rubber's stock is owned by a number of of retail and institutional 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 institutional 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 institutional investors are buying Cooper Tire & Rubber stock?
CTB stock was purchased 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 $25.45.
How big of a company is Cooper Tire & Rubber?
Cooper Tire & Rubber has a market capitalization of $1.27 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.
Cooper Tire & Rubber (NYSE:CTB) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Cooper Tire & Rubber in the last 12 months. Their average twelve-month price target is $42.1429, suggesting that the stock has a possible upside of 65.59%. The high price target for CTB is $50.00 and the low price target for CTB is $33.00. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.56 | 2.56 | 2.67 | 2.43 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $42.1429 | $44.5714 | $44.5714 | $44.60 |
| Price Target Upside: | 65.59% upside | 38.21% upside | 33.25% upside | 35.98% upside |
Cooper Tire & Rubber (NYSE:CTB) Consensus Price Target History
Cooper Tire & Rubber (NYSE:CTB) Analyst Ratings History
Show:
(Data available from 5/27/2016 forward)
Cooper Tire & Rubber (NYSE:CTB) Dividend Information
Cooper Tire & Rubber pays an annual dividend of $0.42 per share, with a dividend yield of 1.65%. CTB's next quarterly dividend payment will be made on Friday, June 29. Cooper Tire & Rubber pays out 13.55% of its earnings out as a dividend.
| Next Dividend: | 6/29/2018 |
| Annual Dividend: | $0.42 |
| Dividend Yield: | 1.65% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 13.55% (Trailing 12 Months of Earnings)
19.18% (Based on This Year's Estimates)
12.88% (Based on Next Year's Estimates)
6.17% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Cooper Tire & Rubber (NYSE:CTB) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/4/2018 | quarterly | $0.1050 | 1.72% | 5/31/2018 | 6/1/2018 | 6/29/2018 |
| 2/16/2018 | quarterly | $0.1050 | 1.1830985915493% | 2/28/2018 | 3/1/2018 | 3/29/2018 |
| 10/27/2017 | quarterly | $0.1050 | 1.3% | 11/30/2017 | 12/1/2017 | 12/29/2017 |
| 8/2/2017 | Quarterly | $0.1050 | 1.17% | 8/30/2017 | 9/1/2017 | 9/29/2017 |
| 5/5/2017 | quarterly | $0.1050 | 1.08% | 5/30/2017 | 6/1/2017 | 6/30/2017 |
| 2/16/2017 | quarterly | $0.1050 | 1.03% | 2/28/2017 | 3/2/2017 | 3/31/2017 |
| 10/27/2016 | quarterly | $0.1050 | 1.22% | 11/30/2016 | 12/2/2016 | 12/29/2016 |
| 8/3/2016 | quarterly | $0.1050 | 1.22% | 8/31/2016 | 9/2/2016 | 9/30/2016 |
| 5/6/2016 | quarterly | $0.1050 | 1.27% | 5/31/2016 | 6/2/2016 | 6/30/2016 |
| 2/19/2016 | quarterly | $0.1050 | 1.11% | 2/29/2016 | 3/3/2016 | 3/31/2016 |
| 10/29/2015 | quarterly | $0.1050 | 1.01% | 12/1/2015 | 12/3/2015 | 12/29/2015 |
| 8/5/2015 | quarterly | $0.1050 | 1.18% | 9/1/2015 | 9/3/2015 | 9/28/2015 |
| 5/8/2015 | quarterly | $0.1050 | 1.16% | 5/28/2015 | 6/1/2015 | 6/29/2015 |
| 2/20/2015 | quarterly | $0.1050 | 1.17% | 3/2/2015 | 3/4/2015 | 3/27/2015 |
| 11/4/2014 | quarterly | $0.1050 | 1.28% | 12/2/2014 | 12/4/2014 | 12/30/2014 |
| 8/6/2014 | quarterly | $0.1050 | 1.43% | 8/28/2014 | 9/2/2014 | 9/26/2014 |
| 5/9/2014 | quarterly | $0.1050 | 1.51% | 5/29/2014 | 6/2/2014 | 6/27/2014 |
| 2/21/2014 | quarterly | $0.1050 | 1.76% | 3/3/2014 | 3/5/2014 | 3/28/2014 |
| 10/25/2013 | quarterly | $0.1050 | 1.64% | 11/27/2013 | 12/2/2013 | 12/31/2013 |
| 8/7/2013 | quarterly | $0.1050 | 1.25% | 9/3/2013 | 9/5/2013 | 9/30/2013 |
| 5/10/2013 | quarterly | $0.1050 | 1.77% | 5/30/2013 | 6/3/2013 | 6/28/2013 |
| 2/22/2013 | quarterly | $0.1050 | 1.61% | 3/4/2013 | 3/6/2013 | 3/29/2013 |
(Data available from 1/1/2013 forward)
Cooper Tire & Rubber (NYSE CTB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.74%
Cooper Tire & Rubber (NYSE CTB) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/9/2018 | Robert D Welding | Director | Buy | 1,500 | $32.30 | $48,450.00 | 3,000 |  |
| 2/28/2017 | Stephen Zamansky | VP | Sell | 14,041 | $40.37 | $566,835.17 | | |
| 11/16/2016 | John J Holland | Director | Sell | 4,000 | $37.86 | $151,440.00 | 5,913 | |
| 3/3/2016 | Roy V Armes | CEO | Sell | 50,000 | $39.39 | $1,969,500.00 | 291,050 | |
| 2/29/2016 | Roy V Armes | CEO | Sell | 92,024 | $39.92 | $3,673,598.08 | 382,723 | |
| 2/24/2016 | Stephen Zamansky | VP | Sell | 13,397 | $39.04 | $523,018.88 | 56,412 | |
| 11/11/2015 | Roy V Armes | CEO | Sell | 100,000 | $41.94 | $4,194,000.00 | 298,132 | |
| 11/5/2015 | Roy V. Armes | CEO | Sell | 133,697 | $42.56 | $5,690,144.32 | 398,132 | |
| 8/27/2015 | Bradley E. Hughes | COO | Sell | 80,600 | $36.91 | $2,974,946.00 | 109,972 | |
| 3/4/2015 | Brenda S Harmon | SVP | Sell | 52,500 | $38.17 | $2,003,925.00 | | |
| 3/2/2015 | Roy V Armes | CEO | Sell | 106,220 | $38.46 | $4,085,221.20 | | |
| 2/27/2015 | Roy V Armes | CEO | Sell | 215,000 | $38.61 | $8,301,150.00 | | |
| 2/24/2015 | Ginger M Jones | CFO | Buy | 4,000 | $37.75 | $151,000.00 | | |
| 2/24/2015 | John H Shuey | Director | Sell | 3,748 | $36.13 | $135,415.24 | | |
| 2/24/2015 | Stephen Zamansky | VP | Sell | 65,653 | $37.35 | $2,452,139.55 | | |
| 8/29/2014 | Christopher E Ostrander | SVP | Sell | 15,000 | $30.84 | $462,600.00 | | |
| 5/27/2014 | Robert W Huber | Insider | Sell | 5,079 | $28.01 | $142,262.79 | | |
| 5/12/2014 | John Shuey | Director | Sell | 2,000 | $27.73 | $55,460.00 | | |
| 5/6/2014 | John Shuey | Director | Sell | 2,500 | $27.04 | $67,600.00 | 2,000 | |
| 5/5/2014 | Harold Miller, Jr. | VP | Sell | 40,381 | $27.01 | $1,090,690.81 | 29,111 | |
| 8/31/2012 | Brenda S Harmon | SVP | Buy | 2,204 | $19.99 | $44,057.96 | | |
| 8/10/2012 | Harold C Miller Jr | VP | Sell | 7,473 | $19.51 | $145,798.23 | | |
| 8/10/2012 | Robert W Huber | Insider | Sell | 2,000 | $19.51 | $39,020.00 | | |
(Data available from 1/1/2013 forward)
Cooper Tire & Rubber (NYSE CTB) News Headlines
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Cooper Tire & Rubber (NYSE:CTB) SEC Filings
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Cooper Tire & Rubber (NYSE:CTB) Income Statement, Balance Sheet and Cash Flow Statement
Cooper Tire & Rubber (NYSE CTB) Stock Chart for Sunday, May, 27, 2018
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