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 Ratio2.58
Quick Ratio1.53
Price-To-Earnings
Trailing P/E Ratio9.69
Forward P/E Ratio21.75
P/E Growth5.36
Sales & Book Value
Annual Sales$2.85 billion
Price / Sales0.53
Cash Flow$6.8274 per share
Price / Cash4.46
Book Value$23.13 per share
Price / Book1.32
Profitability
EPS (Most Recent Fiscal Year)$3.10
Net Income$95.40 million
Net Margins1.53%
Return on Equity9.24%
Return on Assets4.19%
Miscellaneous
Employees9,204
Outstanding Shares50,060,000
Market Cap$1.50 billion
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 Thursday, August 2nd. Investors of record on Tuesday, September 4th will be given a dividend of $0.105 per share on Friday, September 28th. This represents a $0.42 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, August 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 buyback plan on Wednesday, April 12th 2017, which allows the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire 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) released its quarterly earnings results on Monday, August, 6th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.04. The company had revenue of $698 million for the quarter, compared to the consensus estimate of $679.75 million. Cooper Tire & Rubber had a return on equity of 9.24% and a net margin of 1.53%. Cooper Tire & Rubber's revenue was down 3.2% on a year-over-year basis. During the same period last year, the business posted $0.85 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?
7 analysts have issued 1 year price targets 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 $41.6667 in the next year. This suggests a possible upside of 36.8% from the stock's current price. View Analyst Price Targets for Cooper Tire & Rubber.
What is the consensus analysts' recommendation for Cooper Tire & Rubber?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cooper Tire & Rubber in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. Longbow Research analysts commented, "CTB is currently trading at 9.6x consensus FY2 EPS estimates, below the company’s 5-year average forward P/E of 9.9x. On an EV/EBITDA basis, CTB trades at 4.2x FY2 EV/EBITDA, compared to the company’s 5-year average of 4.3x." (8/6/2018)
- 2. 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)
- 3. 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 Allison Transmission (ALSN), Goodyear Tire & Rubber (GT), CarGurus (CARG), Oshkosh (OSK), Veoneer (VNE), Navistar International (NAV), Adient (ADNT), Dana (DAN), Dongfeng Motor Group (DNFGY), Dorman Products (DORM), LCI Industries (LCII), ChoicePoint Inc. Common Stock (CPS), Fox Factory (FOXF), Tenneco (TEN) and Schaeffler (SCFLF).
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?
Media headlines about CTB stock have trended somewhat negative recently, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cooper Tire & Rubber earned a news impact score of -0.11 on Accern's scale. They also assigned news coverage about the company an impact score of 47.02 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View Recent Headlines for Cooper Tire & Rubber.
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 shareholders include BlackRock Inc. (14.07%), Fairpointe Capital LLC (8.84%), Dimensional Fund Advisors LP (8.50%), FMR LLC (6.15%), Royce & Associates LP (5.07%) and LSV Asset Management (4.98%). 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, Royce & Associates LP, James Investment Research Inc., Bank of America Corp DE, MetLife Investment Advisors LLC, Schroder Investment Management Group, Sentinel Trust Co. LBA and BNP Paribas Arbitrage SA. View Insider Buying and Selling for Cooper Tire & Rubber.
Which institutional investors are buying Cooper Tire & Rubber stock?
CTB stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., FMR LLC, Investment Counselors of Maryland LLC, Deprince Race & Zollo Inc., Frontier Capital Management Co. LLC, Russell Investments Group Ltd., Portolan Capital Management LLC and Renaissance Technologies LLC. 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 $30.45.
How big of a company is Cooper Tire & Rubber?
Cooper Tire & Rubber has a market capitalization of $1.50 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.
