Goodyear Tire & Rubber (GT) Set to Announce Quarterly Earnings on Monday

Goodyear Tire & Rubber (NASDAQ:GT) will post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Goodyear Tire & Rubber to post earnings of $0.25 per share for the quarter.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Goodyear Tire & Rubber had a negative net margin of 1.82% and a positive return on equity of 6.55%. Goodyear Tire & Rubber’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.34) EPS. On average, analysts expect Goodyear Tire & Rubber to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Goodyear Tire & Rubber Stock Down 1.2 %

NASDAQ:GT traded down $0.10 on Tuesday, reaching $8.43. 468,270 shares of the stock traded hands, compared to its average volume of 4,171,606. The company has a current ratio of 1.06, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -3.72 and a beta of 1.69. Goodyear Tire & Rubber has a 12 month low of $7.27 and a 12 month high of $15.24. The company’s fifty day simple moving average is $8.36 and its 200 day simple moving average is $10.34.

Wall Street Analyst Weigh In

GT has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Wolfe Research cut Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.23.

About Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.