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 Ratio2.75%
Quick Ratio1.73%
Price-To-Earnings
Trailing P/E Ratio9.05
Forward P/E Ratio8.99
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.85 billion
Price / Sales0.50
Cash Flow$6.8083 per share
Price / Cash4.12
Book Value$23.13 per share
Price / Book1.21
Profitability
EPS (Most Recent Fiscal Year)$3.10
Net Income$95.40 million
Net Margins3.34%
Return on Equity13.71%
Return on Assets6.19%
Miscellaneous
Employees9,204
Outstanding Shares50,800,000
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 declared a quarterly dividend on Friday, February 16th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.105 per share on Thursday, March 29th. This represents a $0.42 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, February 28th. 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 initiated a share repurchase program on Wednesday, April 12th 2017, which permits the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 13.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.
How were Cooper Tire & Rubber's earnings last quarter?
Cooper Tire & Rubber (NYSE:CTB) issued its quarterly earnings results on Tuesday, February, 20th. The company reported $0.50 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.62 by $0.12. The firm had revenue of $757.04 million for the quarter, compared to analyst estimates of $750.97 million. Cooper Tire & Rubber had a net margin of 3.34% and a return on equity of 13.71%. The company's revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.30 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 Wall Street analysts have issued 1-year price targets for Cooper Tire & Rubber's stock. Their forecasts range from $35.00 to $50.00. On average, they anticipate Cooper Tire & Rubber's share price to reach $44.5714 in the next year. 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 & Rubber Co. recorded lower-than-expected fourth quarter 2017 earnings. Also, revenues missed the Zacks Consensus Estimate. 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. 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. Also, year to date, Cooper Tire’s shares have also underperformed the industry it belongs to." (3/2/2018)
- 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 Navistar International (NAV), Dana (DAN), CarGurus (CARG), Dongfeng Motor Group (DNFGY), Tenneco (TEN), Schaeffler (SCFLF), LCI Industries (LCII), Cooper Standard (CPS), Dorman Products (DORM), Meritor (MTOR), American Axle (AXL), SPX (SPXC), Fox Factory (FOXF), Gentherm (THRM) and Wabash National (WNC).
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 coverage about CTB stock has trended somewhat positive this week, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cooper Tire & Rubber earned a news sentiment score of 0.22 on Accern's scale. They also assigned media headlines about the company an impact score of 48.13 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
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 $28.05.
How big of a company is Cooper Tire & Rubber?
Cooper Tire & Rubber has a market capitalization of $1.41 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 AVENUES, 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 $44.5714, suggesting that the stock has a possible upside of 58.90%. The high price target for CTB is $50.00 and the low price target for CTB is $35.00. 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 | 2.63 | 2.25 |
| 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)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $44.5714 | $44.5714 | $45.50 | $42.20 |
| Price Target Upside: | 58.90% upside | 38.21% upside | 17.42% upside | 26.16% upside |
Cooper Tire & Rubber (NYSE:CTB) Consensus Price Target History
Cooper Tire & Rubber (NYSE:CTB) Analyst Ratings History
Show:
(Data available from 4/24/2016 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 1.50%. CTB's most recent quarterly dividend payment was Thursday, March 29. Cooper Tire & Rubber pays out 13.55% of its earnings out as a dividend.
| Most Recent Dividend: | 3/29/2018 |
| Annual Dividend: | $0.42 |
| Dividend Yield: | 1.50% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 13.55% (Trailing 12 Months of Earnings)
13.46% (Based on This Year's Estimates)
11.41% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Cooper Tire & Rubber (NYSE:CTB) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 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: 1.61%
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 Tuesday, April, 24, 2018
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