About Cooper Tire & Rubber (NYSE:CTB)
Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia. The North America segment comprises its operations in the United States and Canada. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement markets. The Latin America segment comprises its operations in Mexico, Central America, and South America. The European segment has operations in the United Kingdom and the Republic of Serbia. Its the United Kingdom entity manufactures and markets passenger car, light truck, motorcycle and racing tires and tire retread material. As of December 31, 2016, the Company operated nine manufacturing facilities and 20 distribution centers in 10 countries.
Industry, Sector and Symbol
Industry Tire & Tube Manufacturers
Sub-IndustryTires & Rubber
Trailing P/E Ratio18.4551598604487
Forward P/E Ratio9.63
Sales & Book Value
Annual Sales$2.85 billion
Price / Sales0.58
Cash Flow$6.72 per share
Price / Cash4.89
Book Value$23.34 per share
Price / Book1.41
Net Income$248.38 million
Return on Equity13.71%
Return on Assets6.19%
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, February 16th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.105 per share on Thursday, March 29th. This represents a $0.42 dividend on an annualized basis and a yield of 1.28%. 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 declared that its Board of Directors has authorized a stock repurchase plan 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 purchase up to 13.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its shares are undervalued.
How were Cooper Tire & Rubber's earnings last quarter?
Cooper Tire & Rubber Co (NYSE:CTB) issued its quarterly earnings data on Tuesday, February, 20th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.62 by $0.12. The company earned $757.04 million during the quarter, compared to analyst estimates of $750.97 million. Cooper Tire & Rubber had a return on equity of 13.71% and a net margin of 3.34%. The firm's revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 earnings per share. View Cooper Tire & Rubber's Earnings History.
When will Cooper Tire & Rubber make its next earnings announcement?
Where is Cooper Tire & Rubber's stock going? Where will Cooper Tire & Rubber's stock price be in 2018?
9 Wall Street analysts have issued 12-month price objectives for Cooper Tire & Rubber's shares. Their predictions range from $35.00 to $50.00. On average, they expect Cooper Tire & Rubber's stock price to reach $44.57 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 better-than-expected third-quarter 2017 earnings. However, revenue figure missed the Zacks Consensus Estimate. 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. 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." (2/23/2018)
- 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 Tenneco (TEN), LCI Industries (LCII), Schaeffler (SCFLF), Dorman Products (DORM), Weichai Power (WEICY), American Axle & Manufact. (AXL), SPX (SPXC), Wabash National (WNC), Standard Motor Products (SMP), Douglas Dynamics (PLOW), Hennessy Capital Acquisition (BLBD), Tower International (TOWR), Pendragon (PDGNF), Motorcar Parts of America (MPAA), Commercial Vehicle Group (CVGI), China Automotive Systems (CAAS), Autoweb (AUTO) and Power Solutions International (PSIX).
Who are Cooper Tire & Rubber's key executives?
Cooper Tire & Rubber's management team includes the folowing people:
- Bradley E. Hughes, President, Chief Executive Officer, Director (Age 55)
- Ginger M. Jones, Chief Financial Officer, Senior Vice President (Age 52)
- John Joseph Bollman, Chief Human Resource Officer, Senior Vice President
- Stephen Zamansky, Senior Vice President, General Counsel, Secretary (Age 46)
- Jerry Bialek, Vice President, Treasurer
- Thomas P. Capo, Non-Executive Independent Chairman of the Board (Age 66)
- Tracey I. Joubert, Director (Age 50)
- Steven M. Chapman, Independent Director (Age 63)
- Susan F. Davis, Independent Director (Age 64)
- John J. Holland, Independent Director (Age 67)
Who owns Cooper Tire & Rubber stock?
Cooper Tire & Rubber's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.95%), Fairpointe Capital LLC (7.61%), Royce & Associates LP (5.14%), LSV Asset Management (4.88%), Deprince Race & Zollo Inc. (2.75%) and London Co. of Virginia (1.70%). Company insiders that own Cooper Tire & Rubber stock include John J Holland, Roy V Armes and Stephen Zamansky. View Institutional Ownership Trends for Cooper Tire & Rubber.
Who sold Cooper Tire & Rubber stock? Who is selling Cooper Tire & Rubber stock?
Cooper Tire & Rubber's stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Victory Capital Management Inc., London Co. of Virginia, American Century Companies Inc., Goldman Sachs Group Inc., Geode Capital Management LLC, Hodges Capital Management Inc. and Metropolitan Life Insurance Co. NY. View Insider Buying and Selling for Cooper Tire & Rubber.
Who bought Cooper Tire & Rubber stock? Who is buying Cooper Tire & Rubber stock?
Cooper Tire & Rubber's stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, Deprince Race & Zollo Inc., AXA, Fairpointe Capital LLC, Franklin Resources Inc., Dalton Greiner Hartman Maher & Co., Tocqueville Asset Management L.P. and MetLife Investment Advisors LLC. View Insider Buying and Selling for Cooper Tire & Rubber.
How do I buy Cooper Tire & Rubber stock?
Shares of Cooper Tire & Rubber 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 Cooper Tire & Rubber stock can currently be purchased for approximately $32.85.
How big of a company is Cooper Tire & Rubber?
Cooper Tire & Rubber has a market capitalization of $1.67 billion and generates $2.85 billion in revenue each year. The company earns $248.38 million in net income (profit) each year or $1.78 on an earnings per share basis. Cooper Tire & Rubber employs 10,540 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Cooper Tire & Rubber (NYSE:CTB) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Hold||Hold|
|Consensus Rating Score: ||2.67||2.63||2.43||2.25|
|Ratings Breakdown: ||0 Sell Rating(s)|
3 Hold Rating(s)
6 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)
|0 Sell Rating(s)|
4 Hold Rating(s)
3 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: ||$44.57||$45.50||$44.60||$42.20|
|Price Target Upside: ||33.25% upside||17.42% upside||35.98% upside||16.09% upside|
Cooper Tire & Rubber (NYSE:CTB) Consensus Price Target History
Cooper Tire & Rubber (NYSE:CTB) Analyst Ratings History
(Data available from 2/24/2016 forward)
Cooper Tire & Rubber (NYSE:CTB) Earnings History and Estimates Chart
Cooper Tire & Rubber (NYSE CTB) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/20/2018||Q4 2017||$0.62||$0.50||$750.97 million||$757.04 million||View||Listen|
|10/30/2017||Q3 2017||$0.85||$1.18||$779.02 million||$733.80 million||View||N/A|
|8/4/2017||Q2 2017||$0.74||$0.85||$775.00 million||$720.75 million||View||N/A|
|4/27/2017||Q1 2017||$0.69||$0.57||$687.92 million||$643.03 million||View||N/A|
|2/17/2017||Q416||$0.94||$1.28||$767.36 million||$783.89 million||View||N/A|
|10/31/2016||Q316||$1.01||$1.04||$689.09 million||$751.00 million||View||Listen|
|8/4/2016||Q216||$1.07||$1.27||$751.81 million||$740.00 million||View||N/A|
|4/29/2016||Q116||$0.97||$1.05||$673.18 million||$650.00 million||View||Listen|
|2/23/2016||Q415||$0.73||$1.04||$764.67 million||$776.00 million||View||Listen|
|11/2/2015||Q315||$0.80||$0.93||$767.86 million||$782.00 million||View||N/A|
|8/6/2015||Q215||$0.69||$1.03||$728.26 million||$752.00 million||View||N/A|
|5/1/2015||Q115||$0.76||$0.69||$690.03 million||$663.00 million||View||N/A|
|2/23/2015||Q414||$0.64||$0.45||$806.66 million||$861.00 million||View||N/A|
|11/7/2014||Q314||$0.72||$0.77||$912.10 million||$920.00 million||View||N/A|
|8/7/2014||Q214||$0.80||$0.59||$863.30 million||$889.00 million||View||N/A|
|5/2/2014||Q114||$0.49||$0.71||$836.15 million||$796.00 million||View||N/A|
|3/14/2014||Q413||$0.26||$0.31||$774.32 million||$861.00 million||View||N/A|
|2/28/2014||$0.37||$0.13||$876.86 million||$832.42 million||View||N/A|
|8/8/2013||Q2 2013||$0.93||$0.55||$973.33 million||$884.00 million||View||N/A|
|5/9/2013||Q1 2013||$0.66||$0.87||$965.03 million||$862.00 million||View||Listen|
|2/25/2013||Q4 2012||$0.85||$1.15||$1.03 billion||$1.04 billion||View||N/A|
|11/2/2012||Q312||$0.87||$1.17||$1.11 billion||$1.10 billion||View||N/A|
Cooper Tire & Rubber (NYSE:CTB) Earnings Estimates
2018 EPS Consensus Estimate: $3.48
2019 EPS Consensus Estimate: $3.91
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Cooper Tire & Rubber (NYSE:CTB) Dividend Information
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||23.60% (Trailing 12 Months of Earnings) |
12.32% (Based on This Year's Estimates)
10.82% (Based on Next Year's Estimates)
Cooper Tire & Rubber (NYSE:CTB) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Cooper Tire & Rubber (NYSE CTB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.74%
Cooper Tire & Rubber (NYSE CTB) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|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|| |
Cooper Tire & Rubber (NYSE CTB) News Headlines
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 Saturday, February, 24, 2018